Jordan: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Jordan

In 2022, the Jordanian composite laboratory reagents market decreased by -46.4% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Composite Laboratory Reagents Exports

Exports from Jordan

In 2022, approx. X kg of composite diagnostic or laboratory reagents were exported from Jordan; reducing by -2.2% compared with the previous year. In general, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2017 when exports increased by 78% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, composite laboratory reagents exports amounted to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 66% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X kg), Iraq (X kg) and Bahrain (X kg) were the main destinations of composite laboratory reagents exports from Jordan, with a combined 61% share of total exports. The Netherlands, Saudi Arabia, Algeria, Egypt, Qatar, Lebanon, Sudan and Libya lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +16.7%), while the other leaders experienced a decline.

In value terms, Free Zones ($X), Iraq ($X) and Bahrain ($X) were the largest markets for composite laboratory reagents exported from Jordan worldwide, with a combined 60% share of total exports. The Netherlands, Saudi Arabia, Algeria, Egypt, Qatar, Lebanon, Sudan and Libya lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Algeria, with a CAGR of +203.1%, saw the highest growth rate of 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

In 2022, the average composite laboratory reagents export price amounted to $X per kg, surging by 4% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 32,411%. As a result, the export price attained the peak level of $X per kg. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per kg) and Egypt ($X per kg), while the average price for exports to Qatar ($X per kg) and Libya ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+112.7%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Jordan

In 2022, overseas purchases of composite diagnostic or laboratory reagents decreased by -46.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 108%. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, composite laboratory reagents imports contracted remarkably to $X in 2022. In general, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 89%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of composite laboratory reagents imports to Jordan, together accounting for 36% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +29.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest composite laboratory reagents suppliers to Jordan, together accounting for 39% of total imports.

China, with a CAGR of +27.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average composite laboratory reagents import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Germany ($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 (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform