Eastern Asia: Antisera Market 2024

Antisera Market Size in Eastern Asia

In 2021, after five years of growth, there was significant decline in the East Asian antisera market, when its value decreased by -7.9% to $X. Overall, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Antisera Production in Eastern Asia

In value terms, antisera production contracted remarkably to $X in 2021 estimated in export price. In general, production saw a prominent increase. The growth pace was the most rapid in 2017 with an increase of 63%. The level of production peaked at $X in 2020, and then declined remarkably in the following year.

Antisera Exports

Exports in Eastern Asia

Antisera exports skyrocketed to X tons in 2021, surging by 169% against the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 259%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, antisera exports surged to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 171%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 96% of total exports in 2021. South Korea (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the antisera and other blood fractions exports, with a CAGR of +45.6% from 2012 to 2021. At the same time, South Korea (+45.5%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +8.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest antisera supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by South Korea ($X), with a 19% share of total exports.

In China, antisera exports increased at an average annual rate of +59.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, waning by -42.9% against the previous year. In general, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of 58%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%).

Antisera Imports

Imports in Eastern Asia

In 2021, antisera imports in Eastern Asia surged to X tons, growing by 23% against the year before. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, antisera imports surged to $X in 2021. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

China represented the largest importing country with an import of about X tons, which amounted to 59% of total imports. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a 38% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +16.2% from 2012 to 2021. At the same time, Taiwan (Chinese) (+23.4%), Hong Kong SAR (+21.1%), South Korea (+10.2%) and Japan (+1.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +23.4% from 2012-2021. While the share of China (+19 p.p.) and Taiwan (Chinese) (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-25 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest antisera importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 94% of total imports. These countries were followed by Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 5.7%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +24.2%, recorded 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 import price in Eastern Asia stood at $X per ton in 2021, falling by -4.8% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the import price increased by 23%. The level of import peaked at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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