Latin America and the Caribbean: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Latin America and the Caribbean

The Latin American blood-grouping reagents market dropped to $X in 2022, reducing by -5.5% against the previous year. In general, consumption saw a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Blood-Grouping Reagents Production in Latin America and the Caribbean

In value terms, blood-grouping reagents production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Blood-Grouping Reagents Exports

Exports in Latin America and the Caribbean

Blood-grouping reagents exports surged to X tons in 2022, increasing by 34% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 70%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, blood-grouping reagents exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina prevails in exports structure, accounting for X tons, which was approx. 69% of total exports in 2022. Uruguay (X tons) took the second position in the ranking, followed by Chile (X tons). All these countries together took approx. 17% share of total exports. Colombia (X kg), Ecuador (X kg), the Dominican Republic (X kg) and Brazil (X kg) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to blood-grouping reagents exports from Argentina stood at +3.6%. At the same time, the Dominican Republic (+44.4%), Uruguay (+43.8%), Colombia (+31.8%), Ecuador (+14.9%) and Brazil (+4.8%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +44.4% from 2012-2022. By contrast, Chile (-3.6%) illustrated a downward trend over the same period. Argentina (+22 p.p.), Uruguay (+8.6 p.p.), Colombia (+4.2 p.p.), Ecuador (+1.9 p.p.) and the Dominican Republic (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest blood-grouping reagents supplier in Latin America and the Caribbean, comprising 44% of total exports. The second position in the ranking was taken by Chile ($X), with a 22% share of total exports. It was followed by Colombia, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina stood at -3.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-0.5% per year) and Colombia (+27.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by -7.4% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+22.5%), while the other leaders experienced more modest paces of growth.

Blood-Grouping Reagents Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of blood-grouping reagents were imported in Latin America and the Caribbean; reducing by -11.5% compared with the previous year's figure. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, blood-grouping reagents imports declined remarkably to $X in 2022. In general, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Chile (X tons) was the major importer of blood-grouping reagents, constituting 32% of total imports. Brazil (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (9.5%), Guatemala (7.1%) and Argentina (6.9%). Peru (X tons), Antigua and Barbuda (X tons), Saint Vincent and the Grenadines (X tons), Saint Kitts and Nevis (X tons), Panama (X tons), El Salvador (X tons) and Curacao (X tons) held a little share of total imports.

Chile was also the fastest-growing in terms of the blood-grouping reagents imports, with a CAGR of +21.3% from 2012 to 2022. At the same time, Guatemala (+19.4%), Peru (+10.3%), Panama (+8.4%), Saint Vincent and the Grenadines (+6.9%) and Argentina (+4.8%) displayed positive paces of growth. Antigua and Barbuda and Saint Kitts and Nevis experienced a relatively flat trend pattern. By contrast, Curacao (-1.2%), Brazil (-1.4%), Colombia (-4.8%) and El Salvador (-26.2%) illustrated a downward trend over the same period. While the share of Chile (+28 p.p.), Guatemala (+6.1 p.p.), Argentina (+3.2 p.p.), Peru (+2.8 p.p.) and Saint Vincent and the Grenadines (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (-4 p.p.) and El Salvador (-29.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest blood-grouping reagents importing markets in Latin America and the Caribbean were Colombia ($X), Chile ($X) and Brazil ($X), together accounting for 38% of total imports.

Among the main importing countries, Chile, with a CAGR of +14.1%, saw 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by -13.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 22% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Curacao ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+22.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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