Singapore: Antisera Market 2024

Antisera Market Size in Singapore

The Singaporean antisera market shrank markedly to $X in 2021, dropping by -55.7% against the previous year. In general, consumption saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2020, and then fell significantly in the following year.

Antisera Production in Singapore

In value terms, antisera production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 288% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Antisera Exports

Exports from Singapore

For the fourth consecutive year, Singapore recorded decline in shipments abroad of antisera and other blood fractions, which decreased by -3.5% to X tons in 2021. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 190% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, antisera exports expanded significantly to $X in 2021. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2017 with an increase of 226%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for antisera exports from Singapore, accounting for a 30% share of total exports. Moreover, antisera exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+64.3% per year) and Canada (+43.0% per year).

In value terms, the United States ($X) remains the key foreign market for antisera and other blood fractions exports from Singapore, comprising 33% of total exports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total exports. It was followed by Austria, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+29.2% per year) and Austria (+132.1% per year).

Export Prices by Country

In 2021, the average antisera export price amounted to $X per kg, picking up by 12% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 68%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per kg), while the average price for exports to Canada ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+164.1%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into Singapore

In 2021, approx. X tons of antisera and other blood fractions were imported into Singapore; shrinking by -46.7% on 2020 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 67%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, antisera imports plummeted to $X in 2021. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of antisera to Singapore, with a 64% share of total imports. Moreover, antisera imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +134.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.0% per year) and the United States (-21.8% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest antisera suppliers to Singapore, together comprising 30% of total imports. Switzerland, the Netherlands, South Korea, France, Australia and Thailand lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Australia, with a CAGR of +101.1%, recorded 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

The average antisera import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 56% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+193.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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