India: Antisera Market 2024

Antisera Market Size in India

In 2021, after nine years of growth, there was significant decline in the Indian antisera market, when its value decreased by -7.9% to $X. Overall, consumption, however, continues to indicate a remarkable increase. Antisera consumption peaked at $X in 2020, and then fell in the following year.

Antisera Production in India

In value terms, antisera production contracted to $X in 2021 estimated in export price. Overall, production saw a resilient increase. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. Antisera production peaked at $X in 2020, and then dropped in the following year.

Antisera Exports

Exports from India

In 2021, the amount of antisera and other blood fractions exported from India surged to X tons, picking up by 153% on 2020 figures. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, antisera exports expanded sharply to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2018 when exports increased by 113%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Uganda (X tons) was the main destination for antisera exports from India, accounting for a 17% share of total exports. Moreover, antisera exports to Uganda exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. Nigeria (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda totaled +67.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+20.7% per year) and Nigeria (+38.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for antisera and other blood fractions exports from India, comprising 13% of total exports. The second position in the ranking was held by Georgia ($X), with a 4.5% share of total exports. It was followed by Sri Lanka, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+55.1% per year) and Sri Lanka (+17.9% per year).

Export Prices by Country

The average antisera export price stood at $X per ton in 2021, dropping by -55% against the previous year. In general, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of 54% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into India

Antisera imports into India reached X tons in 2021, rising by 7.9% on the previous year. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 90%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, antisera imports shrank markedly to $X in 2021. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

France (X tons), the United States (X tons) and China (X tons) were the main suppliers of antisera imports to India, with a combined 58% share of total imports. South Korea, Austria, the UK, Taiwan (Chinese) and Switzerland lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +75.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the United States ($X) and South Korea ($X) appeared to be the largest antisera suppliers to India, with a combined 55% share of total imports. These countries were followed by France, the UK, Austria, China and Taiwan (Chinese), which together accounted for a further 22%.

Among the main suppliers, the UK, with a CAGR of +31.0%, recorded 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

The average antisera import price stood at $X per ton in 2021, shrinking by -27.1% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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