Denmark: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Denmark

In 2022, the Danish blood-grouping reagents market decreased by -14.8% to $X, falling for the ninth year in a row after two years of growth. In general, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Blood-Grouping Reagents Production in Denmark

In value terms, blood-grouping reagents production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. Blood-grouping reagents production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Blood-Grouping Reagents Exports

Exports from Denmark

In 2022, approx. X tons of blood-grouping reagents were exported from Denmark; increasing by 13% on 2021 figures. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 130%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, blood-grouping reagents exports rose to $X in 2022. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for blood-grouping reagents exports from Denmark, accounting for a 92% share of total exports. Moreover, blood-grouping reagents exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.2% per year) and Russia (+7.7% per year).

In value terms, the United States ($X) remains the key foreign market for blood-grouping reagents exports from Denmark, comprising 93% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+9.7% per year) and Russia (+5.3% per year).

Export Prices by Country

In 2022, the average blood-grouping reagents export price amounted to $X per ton, reducing by -8.2% against the previous year. In general, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-2.2%), while the prices for the other major destinations experienced a decline.

Blood-Grouping Reagents Imports

Imports into Denmark

In 2022, purchases abroad of blood-grouping reagents decreased by -83.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 306% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, blood-grouping reagents imports surged to $X in 2022. Over the period under review, imports recorded a mild decrease. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X kg), the United States (X kg) and France (X kg) were the main suppliers of blood-grouping reagents imports to Denmark, with a combined 54% share of total imports. The UK, Spain, Switzerland, Belgium, Germany, Latvia and Ireland lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +57.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blood-grouping reagents suppliers to Denmark were Spain ($X), Sweden ($X) and the UK ($X), together accounting for 65% of total imports.

Among the main suppliers, Spain, with a CAGR of +50.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average blood-grouping reagents import price stood at $X per ton in 2022, rising by 882% against the previous year. Overall, the import price showed a slight increase. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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