EU: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in the EU

The EU blood-grouping reagents market shrank slightly to $X in 2022, waning by -4.3% against the previous year. Over the period under review, consumption, however, posted moderate growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Blood-Grouping Reagents Production in the EU

In value terms, blood-grouping reagents production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 50% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then declined in the following year.

Blood-Grouping Reagents Exports

Exports in the EU

In 2022, the amount of blood-grouping reagents exported in the European Union declined to X tons, waning by -6.8% compared with the year before. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, blood-grouping reagents exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Spain represented the key exporting country with an export of about X tons, which reached 43% of total exports. France (X tons) held the second position in the ranking, followed by Germany (X tons). All these countries together held approx. 47% share of total exports. The Netherlands (X tons), Denmark (X tons) and Belgium (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, together comprising 90% of total exports. The Netherlands, Denmark and Belgium lagged somewhat behind, together accounting for a further 7.4%.

Denmark, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 when the export price increased by 5.9% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the other leaders experienced more modest paces of growth.

Blood-Grouping Reagents Imports

Imports in the EU

After two years of growth, supplies from abroad of blood-grouping reagents decreased by -4.4% to X tons in 2022. Overall, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when imports increased by 25%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, blood-grouping reagents imports declined slightly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 27%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons) and Germany (X tons) represented roughly 47% of total imports in 2022. Italy (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (9.1%), Spain (6.3%) and Poland (5.2%). The Netherlands (X tons), Luxembourg (X tons), Cyprus (X tons), Ireland (X tons), the Czech Republic (X tons) and Greece (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Ireland ($X) were the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. Italy, Spain, Bulgaria, the Czech Republic, Poland, the Netherlands, Greece, Luxembourg and Cyprus lagged somewhat behind, together accounting for a further 40%.

Bulgaria, with a CAGR of +29.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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