Italy: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Italy

In 2022, after six years of growth, there was significant decline in the Italian composite laboratory reagents market, when its value decreased by -59.8% to $X. Over the period under review, consumption, however, posted a modest increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank sharply in the following year.

Composite Laboratory Reagents Production in Italy

In value terms, composite laboratory reagents production rose significantly to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 100% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Composite Laboratory Reagents Exports

Exports from Italy

Composite laboratory reagents exports from Italy skyrocketed to X tons in 2022, growing by 116% compared with the year before. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents exports expanded remarkably to $X in 2022. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tons), Germany (X tons) and Spain (X tons) were the main destinations of composite laboratory reagents exports from Italy, together comprising 35% 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 Russia (with a CAGR of +39.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for composite laboratory reagents exported from Italy were Germany ($X), Spain ($X) and the Netherlands ($X), with a combined 34% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +29.2%, recorded 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, which is down by -47.1% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 43%. The export price peaked at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Italy

In 2022, supplies from abroad of composite diagnostic or laboratory reagents decreased by -17.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +60.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, composite laboratory reagents imports dropped remarkably to $X in 2022. In general, imports, however, posted a moderate increase. The growth pace was the most rapid in 2020 when imports increased by 57%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of composite laboratory reagents imports to Italy, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +37.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest composite laboratory reagents suppliers to Italy were Germany ($X), the United States ($X) and the Netherlands ($X), with a combined 68% share of total imports. China, France, Spain, Belgium and Austria lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, China, with a CAGR of +52.4%, 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 composite laboratory reagents import price stood at $X per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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