Hong Kong SAR, China: Antisera Market 2024

Antisera Market Size in Hong Kong SAR, China

The Hong Kong antisera market soared to $X in 2021, rising by 247% against the previous year. Over the period under review, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Antisera Production in Hong Kong SAR, China

In value terms, antisera production soared to $X in 2021 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 605% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Antisera Exports

Exports from Hong Kong SAR, China

Antisera exports from Hong Kong SAR reduced remarkably to X tons in 2021, dropping by -81.8% compared with the year before. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 397%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, antisera exports shrank dramatically to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 415%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for antisera exports from Hong Kong SAR, accounting for a 66% share of total exports. Moreover, antisera exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR totaled +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.7% per year) and Italy (+71.4% per year).

In value terms, Macao SAR ($X) emerged as the key foreign market for antisera and other blood fractions exports from Hong Kong SAR, comprising 65% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by Italy, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Macao SAR totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.5% per year) and Italy (+81.0% per year).

Export Prices by Country

In 2021, the average antisera export price amounted to $X per ton, declining by -7% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antisera export price increased by +45.1% against 2012 indices. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were China ($X per ton) and Macao SAR ($X per ton), while the average price for exports to Japan ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into Hong Kong SAR, China

In 2021, the amount of antisera and other blood fractions imported into Hong Kong SAR rose modestly to X tons, increasing by 3.3% compared with 2020. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 59%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, antisera imports expanded notably to $X in 2021. In general, imports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of 63%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Switzerland (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of antisera imports to Hong Kong SAR, with a combined 64% share of total imports. These countries were followed by Singapore, the Netherlands, Belgium and China, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +90.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and the United States ($X) appeared to be the largest antisera suppliers to Hong Kong SAR, together accounting for 64% of total imports. Singapore, the Netherlands, Belgium and China lagged somewhat behind, together comprising a further 29%.

China, with a CAGR of +92.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average antisera import price amounted to $X per ton, growing by 5.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 10% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :