Dominican Republic: Market for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses 2022

Market Size for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in the Dominican Republic

The Dominican human and animal blood market surged to $X in 2021, jumping by 74% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded significant growth. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Exports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Exports from the Dominican Republic

Human and animal blood exports from the Dominican Republic surged to X tons in 2021, picking up by 580% against 2020. Over the period under review, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, human and animal blood exports skyrocketed to $X in 2021. In general, exports recorded buoyant growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for human and animal blood exports from the Dominican Republic, accounting for a 85% share of total exports. Moreover, human and animal blood exports to the United States exceeded the volume sent to the second major destination, Haiti (X kg), more than tenfold. Curacao (X kg) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +116.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+42.8% per year) and Curacao (+7,650.0% per year).

In value terms, the United States ($X) remains the key foreign market for human and animal blood exports from the Dominican Republic, comprising 51% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by Haiti, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +121.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+120.8% per year) and Haiti (+39.0% per year).

Export Prices by Country

In 2021, the average human and animal blood export price amounted to $X per ton, declining by -1.7% against the previous year. In general, the export price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Curacao ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Imports into the Dominican Republic

Human and animal blood imports into the Dominican Republic soared to X tons in 2021, with an increase of 75% compared with 2020. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,333% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, human and animal blood imports surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 1,274% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of human and animal blood imports to the Dominican Republic, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +133.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Germany ($X) appeared to be the largest human and animal blood suppliers to the Dominican Republic, together comprising 65% of total imports.

South Korea, with a CAGR of +104.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average human and animal blood import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 when the average import price increased by 43%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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