Slovenia: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Slovenia

In 2022, the Slovene composite laboratory reagents market decreased by -24.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then fell markedly in the following year.

Composite Laboratory Reagents Exports

Exports from Slovenia

In 2022, exports of composite diagnostic or laboratory reagents from Slovenia surged to X tons, jumping by 86% on the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 156%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, composite laboratory reagents exports skyrocketed to $X in 2022. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Croatia (X tons) and Serbia (X tons) were the main destinations of composite laboratory reagents exports from Slovenia, with a combined 77% share of total exports. Austria, Bosnia and Herzegovina and France lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +64.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for composite laboratory reagents exported from Slovenia were Croatia ($X), Germany ($X) and Bosnia and Herzegovina ($X), together accounting for 59% of total exports. Serbia, France and Austria lagged somewhat behind, together comprising a further 7.6%.

In terms of the main countries of destination, France, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composite laboratory reagents export price stood at $X per ton in 2022, falling by -32.1% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 56%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Serbia ($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 Bosnia and Herzegovina (-0.7%), while the prices for the other major destinations experienced a decline.

Composite Laboratory Reagents Imports

Imports into Slovenia

In 2022, supplies from abroad of composite diagnostic or laboratory reagents increased by 5.4% to X tons, rising for the fourth year in a row after two years of decline. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +88.7% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 49%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, composite laboratory reagents imports expanded notably to $X in 2022. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Croatia (X tons) were the main suppliers of composite laboratory reagents imports to Slovenia, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +77.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest composite laboratory reagents suppliers to Slovenia, with a combined 73% share of total imports.

China, with a CAGR of +97.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average composite laboratory reagents import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, composite laboratory reagents import price increased by +55.5% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 44%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($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 Netherlands (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform