Report Update Nov 1, 2024

Latvia - Blood-Grouping Reagents - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Latvia

The Latvian blood-grouping reagents market reduced to $X in 2022, which is down by -5.5% against the previous year. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Blood-Grouping Reagents Production in Latvia

In value terms, blood-grouping reagents production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27%. 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 from Latvia

In 2022, shipments abroad of blood-grouping reagents decreased by -27.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 16,050% against the previous year. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, blood-grouping reagents exports contracted notably to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 135,187% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for blood-grouping reagents exports from Latvia, accounting for a 96% share of total exports. It was followed by Denmark (X kg), with a 2.4% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Bulgaria totaled +599.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+201.8% per year) and the Netherlands (+142.6% per year).

In value terms, Bulgaria ($X) remains the key foreign market for blood-grouping reagents exports from Latvia, comprising 84% of total exports. The second position in the ranking was held by Denmark ($X), with a 12% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Bulgaria stood at +1,149.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+959.5% per year) and the Netherlands (+246.4% per year).

Export Prices by Country

The average blood-grouping reagents export price stood at $X per ton in 2022, rising by 7.9% against the previous year. In general, the export price, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 an increase of 738% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+251.0%), while the prices for the other major destinations experienced more modest paces of growth.

Blood-Grouping Reagents Imports

Imports into Latvia

In 2022, after three years of growth, there was significant decline in supplies from abroad of blood-grouping reagents, when their volume decreased by -15.3% to X tons. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when imports increased by 93%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, blood-grouping reagents imports dropped to $X in 2022. Over the period under review, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 143%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) was the main blood-grouping reagents supplier to Latvia, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +32.4%.

In value terms, Germany ($X) constituted the largest supplier of blood-grouping reagents to Latvia.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +17.9%.

Import Prices by Country

The average blood-grouping reagents import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 26% 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.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to -0.6% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the blood-grouping reagents market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202320 - Blood-grouping reagents

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023