Slovakia: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Slovakia

The Slovak composite laboratory reagents market contracted remarkably to $X in 2022, waning by -50.5% against the previous year. Over the period under review, consumption saw a mild curtailment. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Composite Laboratory Reagents Production in Slovakia

In value terms, composite laboratory reagents production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 15%. Composite laboratory reagents production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Composite Laboratory Reagents Exports

Exports from Slovakia

Composite laboratory reagents exports from Slovakia skyrocketed to X tons in 2022, with an increase of 28% compared with the previous year. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 254%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, composite laboratory reagents exports fell to $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 181% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for composite laboratory reagents exports from Slovakia, accounting for a 44% share of total exports. Moreover, composite laboratory reagents exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+47.5% per year) and Ukraine (+33.4% per year).

In value terms, the Czech Republic ($X), Spain ($X) and Ukraine ($X) appeared to be the largest markets for composite laboratory reagents exported from Slovakia worldwide, with a combined 44% share of total exports. Austria, Germany, the UK, the Netherlands, the United States and Hungary lagged somewhat behind, together accounting for a further 35%.

The Netherlands, with a CAGR of +74.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average composite laboratory reagents export price amounted to $X per ton, waning by -25.7% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (-5.7%), while the prices for the other major destinations experienced a decline.

Composite Laboratory Reagents Imports

Imports into Slovakia

In 2022, purchases abroad of composite diagnostic or laboratory reagents decreased by -51.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 193% against the previous year. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, composite laboratory reagents imports declined markedly to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 193%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and China (X tons) were the main suppliers of composite laboratory reagents imports to Slovakia, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of composite diagnostic or laboratory reagents to Slovakia, comprising 55% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 24% share of total imports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.4% per year) and the Netherlands (+14.8% per year).

Import Prices by Country

The average composite laboratory reagents import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 29%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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