Middle East: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in the Middle East

In 2022, the Middle Eastern blood-grouping reagents market decreased by -44.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Blood-Grouping Reagents Production in the Middle East

In value terms, blood-grouping reagents production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Blood-Grouping Reagents Exports

Exports in the Middle East

Blood-grouping reagents exports reached X tons in 2022, picking up by 4.7% compared with the previous year. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 126% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, blood-grouping reagents exports expanded modestly to $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Turkey (X tons), the United Arab Emirates (X tons) and Israel (X tons), together finishing at 99% of total export.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +45.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest blood-grouping reagents supplying countries in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 99% share of total exports.

Turkey, with a CAGR of +40.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, reducing by -2.1% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blood-grouping reagents export price decreased by -22.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($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 Arab Emirates (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Blood-Grouping Reagents Imports

Imports in the Middle East

In 2022, overseas purchases of blood-grouping reagents were finally on the rise to reach X tons after four years of decline. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, blood-grouping reagents imports surged to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 44%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia was the largest importer of blood-grouping reagents in the Middle East, with the volume of imports accounting for X tons, which was approx. 47% of total imports in 2022. Turkey (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (13%), the United Arab Emirates (5.4%) and Israel (5.2%). Oman (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into Saudi Arabia decreased at an average annual rate of -13.5% from 2012 to 2022. At the same time, Kuwait (+25.7%), Oman (+7.5%), the United Arab Emirates (+6.5%), Israel (+5.9%) and Iran (+4.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +25.7% from 2012-2022. By contrast, Turkey (-2.3%) illustrated a downward trend over the same period. Kuwait (+12 p.p.), Turkey (+9.9 p.p.), the United Arab Emirates (+4.2 p.p.), Israel (+4 p.p.) and Oman (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by -36.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported blood-grouping reagents in the Middle East, comprising 48% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 20% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled -9.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+20.3% per year) and Turkey (-6.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of 11% against the previous year. In general, the import price posted a moderate increase. The most prominent rate of growth was recorded in 2019 an increase of 50% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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