Netherlands: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in the Netherlands

The Dutch composite laboratory reagents market totaled $X in 2022, surging by 5.5% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Composite Laboratory Reagents Production in the Netherlands

In value terms, composite laboratory reagents production soared to $X in 2022 estimated in export price. Over the period under review, production showed modest growth. The growth pace was the most rapid in 2016 when the production volume increased by 287% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Composite Laboratory Reagents Exports

Exports from the Netherlands

In 2022, overseas shipments of composite diagnostic or laboratory reagents increased by 5.6% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents exports rose slightly to $X in 2022. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main destinations of composite laboratory reagents exports from the Netherlands, with a combined 42% share of total exports. Belgium, Spain, the UK, Italy, Turkey, Russia, Switzerland, Ireland, Poland and India lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for composite diagnostic or laboratory reagents exports from the Netherlands, comprising 19% of total exports. The second position in the ranking was taken by France ($X), with an 8.6% share of total exports. It was followed by the United States, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.3% per year) and the United States (+16.8% per year).

Export Prices by Country

The average composite laboratory reagents export price stood at $X per ton in 2022, which is down by -1.7% against the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52%. The export price peaked at $X per ton in 2017; however, from 2018 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 Switzerland ($X per ton), while the average price for exports to Turkey ($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 Russia (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into the Netherlands

For the sixth consecutive year, the Netherlands recorded growth in overseas purchases of composite diagnostic or laboratory reagents, which increased by 2.8% to X tons in 2022. In general, imports saw a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, composite laboratory reagents imports expanded to $X in 2022. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of composite laboratory reagents imports to the Netherlands, together accounting for 73% of total imports. Sweden, France, the UK, Hong Kong SAR, Belgium and Singapore lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +145.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest composite laboratory reagents suppliers to the Netherlands were the United States ($X), Germany ($X) and China ($X), together accounting for 56% of total imports. Sweden, Singapore, the UK, France, Belgium and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +93.9%, 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 average composite laboratory reagents import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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