India: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in India

The Indian blood-grouping reagents market rose remarkably to $X in 2022, with an increase of 6.6% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Blood-Grouping Reagents Production in India

In value terms, blood-grouping reagents production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% 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 45%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Blood-Grouping Reagents Exports

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of blood-grouping reagents, when their volume decreased by -19% to X tons. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 928% against the previous year. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, blood-grouping reagents exports dropped significantly to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,338% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Malawi (X tons), Bhutan (X tons) and Turkey (X tons) were the main destinations of blood-grouping reagents exports from India, together comprising 22% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of +77.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for blood-grouping reagents exports from India, comprising 18% of total exports. The second position in the ranking was taken by Thailand ($X), with a 5.1% share of total exports. It was followed by Turkey, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+24.4% per year) and Turkey (+11.8% per year).

Export Prices by Country

The average blood-grouping reagents export price stood at $X per ton in 2022, increasing by 2.8% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blood-grouping reagents export price decreased by -4.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 40%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bhutan ($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 Bangladesh (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Blood-Grouping Reagents Imports

Imports into India

In 2022, the amount of blood-grouping reagents imported into India contracted dramatically to X tons, waning by -19.4% compared with the previous year's figure. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 with an increase of 120% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, blood-grouping reagents imports contracted to $X in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

France (X tons), Switzerland (X tons) and the United States (X tons) were the main suppliers of blood-grouping reagents imports to India, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), France ($X) and the United States ($X) were the largest blood-grouping reagents suppliers to India, with a combined 78% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +16.4%, saw 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 blood-grouping reagents import price stood at $X per ton in 2022, picking up by 5.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 83% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for France ($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 (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :