Germany: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Germany

The German composite laboratory reagents market dropped markedly to $X in 2022, which is down by -27.5% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Composite laboratory reagents consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Composite Laboratory Reagents Production in Germany

In value terms, composite laboratory reagents production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28% against the previous year. Composite laboratory reagents production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Composite Laboratory Reagents Exports

Exports from Germany

In 2022, approx. X tons of composite diagnostic or laboratory reagents were exported from Germany; increasing by 6.2% compared with the previous year's figure. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, composite laboratory reagents exports expanded sharply to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), the Netherlands (X tons) and Turkey (X tons) were the main destinations of composite laboratory reagents exports from Germany, with a combined 25% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +17.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for composite laboratory reagents exported from Germany were the Netherlands ($X), the United States ($X) and France ($X), with a combined 26% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +14.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composite laboratory reagents export price stood at $X per ton in 2022, growing by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Germany

After two years of growth, purchases abroad of composite diagnostic or laboratory reagents decreased by -2.3% to X tons in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.2% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, composite laboratory reagents imports fell slightly to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.9% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest composite laboratory reagents supplier to Germany, with a 54% share of total imports. Moreover, composite laboratory reagents imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Ireland (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Ireland (+2.4% per year).

In value terms, the largest composite laboratory reagents suppliers to Germany were the United States ($X), China ($X) and the Netherlands ($X), with a combined 69% share of total imports.

In terms of the main suppliers, China, with a CAGR of +62.5%, recorded the highest rates of growth with regard to 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 average composite laboratory reagents import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 16%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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