GCC: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in GCC

The GCC blood-grouping reagents market contracted markedly to $X in 2022, reducing by -87.1% against the previous year. Over the period under review, consumption, however, saw a deep contraction. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Blood-Grouping Reagents Production in GCC

In value terms, blood-grouping reagents production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The growth pace was the most rapid in 2019 with an increase of 272%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Blood-Grouping Reagents Exports

Exports in GCC

Blood-grouping reagents exports shrank remarkably to X tons in 2022, falling by -22.9% against 2021. Overall, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 964%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, blood-grouping reagents exports reduced markedly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 203% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) represented roughly 100% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the blood-grouping reagents exports, with a CAGR of +11.5% from 2012 to 2022. While the share of the United Arab Emirates (+48 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest blood-grouping reagents supplier in GCC.

In the United Arab Emirates, blood-grouping reagents exports increased at an average annual rate of +19.6% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by -17.4% against the previous year. Overall, the export price, however, saw pronounced growth. The pace of growth appeared the most rapid in 2020 when the export price increased by 770% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +7.3% per year.

Blood-Grouping Reagents Imports

Imports in GCC

In 2022, overseas purchases of blood-grouping reagents increased by 7.3% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 70% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, blood-grouping reagents imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 64%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the major importer of blood-grouping reagents in GCC, with the volume of imports resulting at X tons, which was near 68% of total imports in 2022. Kuwait (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held near 27% share of total imports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to blood-grouping reagents imports into Saudi Arabia stood at -13.5%. At the same time, Kuwait (+25.7%), Oman (+7.5%) and the United Arab Emirates (+6.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +25.7% from 2012-2022. Kuwait (+18 p.p.), the United Arab Emirates (+6.5 p.p.) and Oman (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by -28.8% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported blood-grouping reagents in GCC, comprising 62% of total imports. The second position in the ranking was held by Kuwait ($X), with a 26% share of total imports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to -9.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+20.3% per year) and the United Arab Emirates (+10.0% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, surging by 17% against the previous year. In general, the import price enjoyed a strong increase. The growth pace was the most rapid in 2019 when the import price increased by 73% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform