Dominican Republic: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in the Dominican Republic

The Dominican blood-grouping reagents market totaled $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, showed a mild expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Blood-Grouping Reagents Production in the Dominican Republic

In value terms, blood-grouping reagents production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40%. Blood-grouping reagents production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Blood-Grouping Reagents Exports

Exports from the Dominican Republic

In 2022, shipments abroad of blood-grouping reagents increased by 1.3% to X kg, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 594% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, blood-grouping reagents exports rose significantly to $X in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 827% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X kg) was the main destination for blood-grouping reagents exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +61.1%.

In value terms, Norway ($X) emerged as the key foreign market for blood-grouping reagents exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +55.2%.

Export Prices by Country

In 2022, the average blood-grouping reagents export price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 193%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Luxembourg amounted to +431.4% per year.

Blood-Grouping Reagents Imports

Imports into the Dominican Republic

In 2022, purchases abroad of blood-grouping reagents decreased by -5.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a moderate expansion. The growth pace was the most rapid in 2020 when imports increased by 144%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, blood-grouping reagents imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 299%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest blood-grouping reagents supplier to the Dominican Republic, accounting for a 71% share of total imports. Moreover, blood-grouping reagents imports from South Korea exceeded the figures recorded by the second-largest supplier, Argentina (X kg), fourfold. The United States (X kg) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+49.6% per year) and the United States (-16.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of blood-grouping reagents to the Dominican Republic, comprising 89% of total imports. The second position in the ranking was held by the United States ($X), with a 2.5% share of total imports. It was followed by Argentina, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.8% per year) and Argentina (+26.9% per year).

Import Prices by Country

The average blood-grouping reagents import price stood at $X per ton in 2022, picking up by 3.5% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blood-grouping reagents import price increased by +103.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :