Europe: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Europe

For the sixth year in a row, the Europe blood-grouping reagents market recorded growth in sales value, which increased by 18% to $X in 2022. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Blood-Grouping Reagents Production in Europe

In value terms, blood-grouping reagents production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 38%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Blood-Grouping Reagents Exports

Exports in Europe

After two years of decline, overseas shipments of blood-grouping reagents increased by 15% to X tons in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 33%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, blood-grouping reagents exports reached $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 11%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) and Switzerland (X tons) represented the largest exporters of blood-grouping reagents in 2022, finishing at approx. 31% and 30% of total exports, respectively. Spain (X tons) took the next position in the ranking, distantly followed by France (X tons) and Germany (X tons). All these countries together took approx. 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the UK (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2022, together comprising 65% of total exports.

Spain, with a CAGR of +5.9%, saw 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 Europe amounted to $X per ton, falling by -12% against the previous year. Over the period under review, the export price saw a perceptible reduction. The growth pace was the most rapid in 2021 when the export price increased by 28% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the UK ($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 Europe

In 2022, after two years of growth, there was decline in purchases abroad of blood-grouping reagents, when their volume decreased by -3.9% to X tons. Over the period under review, imports saw a mild decrease. 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 shrank modestly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons) and Germany (X tons) represented the key importers of blood-grouping reagents in 2022, recording near 23% and 17% of total imports, respectively. Italy (X tons) ranks next in terms of the total imports with a 9% share, followed by Bulgaria (7.8%), Russia (7.1%), the UK (6.6%) and Spain (5.4%). Poland (X tons), the Netherlands (X tons), Luxembourg (X tons), Ireland (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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, the largest blood-grouping reagents importing markets in Europe were France ($X), Germany ($X) and Ireland ($X), together accounting for 40% of total imports. Italy, Russia, Spain, the UK, Bulgaria, the Czech Republic, Poland, the Netherlands and Luxembourg lagged somewhat behind, together accounting for a further 43%.

Among the main importing countries, Bulgaria, with a CAGR of +29.5%, 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

In 2022, the import price in Europe amounted to $X per ton, increasing by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 when the import price increased by 11% against the previous year. The level of import peaked 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 ($X per ton), while Luxembourg ($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