Malaysia: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Malaysia

In 2022, the Malaysian blood-grouping reagents market increased by 0.6% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a temperate increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Blood-Grouping Reagents Exports

Exports from Malaysia

In 2022, the amount of blood-grouping reagents exported from Malaysia reached X kg, approximately mirroring the year before. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 423%. The exports peaked at X kg in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, blood-grouping reagents exports amounted to $X in 2022. Over the period under review, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 250% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X kg), Tonga (X kg) and Singapore (X kg) were the main destinations of blood-grouping reagents exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, Tonga ($X) remains the key foreign market for blood-grouping reagents exports from Malaysia, comprising 76% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tonga amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+20.5% per year) and Singapore (-6.4% per year).

Export Prices by Country

In 2022, the average blood-grouping reagents export price amounted to $X per ton, picking up by 4.7% against the previous year. In general, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 85% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (-5.8%), while the prices for the other major destinations experienced a decline.

Blood-Grouping Reagents Imports

Imports into Malaysia

In 2022, supplies from abroad of blood-grouping reagents increased by 2.3% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 297%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, blood-grouping reagents imports shrank to $X in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 434%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest blood-grouping reagents supplier to Malaysia, with a 75% share of total imports. Moreover, blood-grouping reagents imports from South Korea exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), sevenfold. The third position in this ranking was taken by Singapore (X kg), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+1.8% per year) and Singapore (+52.1% per year).

In value terms, Switzerland ($X), Singapore ($X) and South Korea ($X) constituted the largest blood-grouping reagents suppliers to Malaysia, together comprising 65% of total imports.

Singapore, with a CAGR of +66.6%, recorded the highest growth rate of the value of imports, in terms of 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 blood-grouping reagents import price stood at $X per ton in 2022, shrinking by -3.8% against the previous year. Over the period under review, the import price, however, posted resilient growth. The growth pace was the most rapid in 2014 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :