Kuwait: Antisera Market 2024

Antisera Market Size in Kuwait

The Kuwaiti antisera market surged to $X in 2021, increasing by 66% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Antisera Exports

Exports from Kuwait

After four years of growth, shipments abroad of antisera and other blood fractions decreased by -99% to X kg in 2021. Overall, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by 356%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, antisera exports declined significantly to $X in 2021. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2017 when exports increased by 360% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then declined rapidly in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for antisera exports from Kuwait, accounting for a 60% share of total exports. Moreover, antisera exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X kg), threefold. The third position in this ranking was taken by Spain (X kg), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-34.6% per year) and Spain (+8.4% per year).

In value terms, the largest markets for antisera exported from Kuwait were Oman ($X), the United Arab Emirates ($X) and Spain ($X), with a combined 76% share of total exports.

Among the main countries of destination, Spain, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average antisera export price stood at $X per ton in 2021, falling by -15.7% against the previous year. In general, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2014 an increase of 90%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada ($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 Canada (+147.4%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into Kuwait

In 2021, approx. X tons of antisera and other blood fractions were imported into Kuwait; jumping by 65% against the year before. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 143%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, antisera imports surged to $X in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 191%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of antisera to Kuwait, with a 18% share of total imports. Moreover, antisera imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +104.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and the United Arab Emirates (+36.9% per year).

In value terms, the largest antisera suppliers to Kuwait were the Netherlands ($X), Switzerland ($X) and the United Arab Emirates ($X), together comprising 52% of total imports.

The Netherlands, with a CAGR of +172.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 kg in 2021, dropping by -6.5% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2019 an increase of 123% against the previous year. As a result, import price reached the peak level of $X per kg. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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