Latin America and the Caribbean: Antisera Market 2024

Antisera Market Size in Latin America and the Caribbean

In 2021, the Latin American antisera market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Antisera Production in Latin America and the Caribbean

In value terms, antisera production declined to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Antisera Exports

Exports in Latin America and the Caribbean

For the fourth consecutive year, LatAmerica and the Caribbean recorded decline in shipments abroad of antisera and other blood fractions, which decreased by -31.1% to X tons in 2021. Over the period under review, exports showed a mild shrinkage. The growth pace was the most rapid in 2017 when exports increased by 19%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, antisera exports shrank markedly to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 40%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

In 2021, Brazil (X tons), distantly followed by Paraguay (X tons), Chile (X tons), Uruguay (X tons) and Argentina (X tons) were the key exporters of antisera and other blood fractions, together committing 93% of total exports. Costa Rica (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) remains the largest antisera supplier in Latin America and the Caribbean, comprising 48% of total exports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total exports. It was followed by Uruguay, with a 5.7% share.

In Costa Rica, antisera exports increased at an average annual rate of +8.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+22.6% per year) and Uruguay (+6.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 1.7% against the previous year. Overall, the export price recorded a noticeable increase. The growth pace was the most rapid in 2020 an increase of 61% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Costa Rica ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+13.3%), while the other leaders experienced mixed trends in the export price figures.

Antisera Imports

Imports in Latin America and the Caribbean

In 2021, antisera imports in Latin America and the Caribbean soared to X tons, jumping by 29% compared with 2020. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, antisera imports rose to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Mexico (X tons), Brazil (X tons) and Chile (X tons) represented roughly 70% of total imports in 2021. Colombia (X tons) held the next position in the ranking, followed by Argentina (X tons). All these countries together held near 14% share of total imports. Peru (X tons), Ecuador (X tons) and Guatemala (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported antisera and other blood fractions in Latin America and the Caribbean, comprising 39% of total imports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total imports. It was followed by Argentina, with a 12% share.

In Brazil, antisera imports increased at an average annual rate of +1.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+3.5% per year) and Argentina (+2.0% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, reducing by -19.3% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :