Japan: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Japan

The Japanese composite laboratory reagents market soared to $X in 2022, jumping by 61% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Composite Laboratory Reagents Production in Japan

In value terms, composite laboratory reagents production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Composite Laboratory Reagents Exports

Exports from Japan

In 2022, approx. X tons of composite diagnostic or laboratory reagents were exported from Japan; waning by -25% compared with the previous year's figure. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, composite laboratory reagents exports expanded markedly to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value 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, exports increased by +101.4% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of composite laboratory reagents exports from Japan, together comprising 67% of total exports. Taiwan (Chinese), Germany, Belgium, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +20.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest markets for composite laboratory reagents exported from Japan worldwide, with a combined 60% share of total exports. South Korea, Belgium, Taiwan (Chinese), Singapore and Hong Kong SAR lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Singapore, with a CAGR of +22.3%, 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, growing by 41% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Japan

In 2022, overseas purchases of composite diagnostic or laboratory reagents increased by 206% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents imports surged to $X in 2022. Over the period under review, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of composite laboratory reagents imports to Japan, with a combined 71% share of total imports. Belgium, the UK, Ireland, the Netherlands and France lagged somewhat behind, together accounting for a further 7.9%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of composite diagnostic or laboratory reagents to Japan, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.6% per year) and Germany (+12.5% per year).

Import Prices by Country

In 2022, the average composite laboratory reagents import price amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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