MERCOSUR: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in MERCOSUR

The MERCOSUR blood-grouping reagents market contracted to $X in 2022, with a decrease of -11.4% against the previous year. In general, consumption saw a pronounced contraction. 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 MERCOSUR

In value terms, blood-grouping reagents production dropped to $X in 2022 estimated in export price. Overall, production saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Blood-Grouping Reagents Exports

Exports in MERCOSUR

In 2022, the amount of blood-grouping reagents exported in MERCOSUR surged to X tons, growing by 36% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 79%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, blood-grouping reagents exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by 91%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina dominates exports structure, finishing at X tons, which was approx. 73% of total exports in 2022. It was distantly followed by Uruguay (X tons), Chile (X tons) and Colombia (X tons), together constituting a 23% share of total exports. The following exporters - Ecuador (X kg) and Brazil (X kg) - together made up 4.3% of total exports.

Exports from Argentina increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Uruguay (+43.8%), Colombia (+31.8%), Ecuador (+14.9%) and Brazil (+4.8%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +43.8% from 2012-2022. By contrast, Chile (-3.6%) illustrated a downward trend over the same period. Argentina (+18 p.p.), Uruguay (+9.1 p.p.), Colombia (+4.4 p.p.) and Ecuador (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest blood-grouping reagents supplier in MERCOSUR, comprising 54% of total exports. The second position in the ranking was held by Chile ($X), with a 26% share of total exports. It was followed by Colombia, with a 6.2% share.

In Argentina, blood-grouping reagents exports declined by an average annual rate of -3.0% over the period from 2012-2022. 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 MERCOSUR stood at $X per ton in 2022, with a decrease of -8.5% against the previous year. Overall, the export price saw a abrupt slump. The growth pace was the most rapid in 2020 when the export price increased by 28% against the previous year. Over the period under review, the 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 origin: 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 mixed trends in the export price figures.

Blood-Grouping Reagents Imports

Imports in MERCOSUR

In 2022, the amount of blood-grouping reagents imported in MERCOSUR shrank to X tons, with a decrease of -13.5% against the previous year's figure. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.5% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, blood-grouping reagents imports contracted sharply to $X in 2022. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

Chile represented the main importer of blood-grouping reagents in MERCOSUR, with the volume of imports finishing at X tons, which was near 47% of total imports in 2022. It was distantly followed by Brazil (X tons), Colombia (X tons), Argentina (X tons) and Peru (X tons), together constituting a 47% share of total imports. The following importers - Ecuador (X tons) and Uruguay (X tons) - each reached a 3.6% share of total imports.

Imports into Chile increased at an average annual rate of +21.3% from 2012 to 2022. At the same time, Ecuador (+25.4%), Peru (+10.3%), Argentina (+4.8%) and Uruguay (+3.5%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +25.4% from 2012-2022. By contrast, Brazil (-1.4%) and Colombia (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Peru, Argentina and Ecuador increased by +38, +3.2, +2.1 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest blood-grouping reagents importing markets in MERCOSUR were Colombia ($X), Chile ($X) and Brazil ($X), with a combined 62% share of total imports. Argentina, Peru, Uruguay and Ecuador lagged somewhat behind, together comprising a further 34%.

Ecuador, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, shrinking by -20.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform