South-Eastern Asia: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in South-Eastern Asia

The Southeast Asian blood-grouping reagents market declined to $X in 2022, falling by -9.9% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then fell in the following year.

Blood-Grouping Reagents Production in South-Eastern Asia

In value terms, blood-grouping reagents production contracted to $X in 2022 estimated in export price. In general, production showed a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Blood-Grouping Reagents Exports

Exports in South-Eastern Asia

After three years of growth, overseas shipments of blood-grouping reagents decreased by -10% to X tons in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, blood-grouping reagents exports shrank to $X in 2022. Overall, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X tons) represented the key exporter of blood-grouping reagents, achieving 75% of total exports. It was distantly followed by Thailand (X tons), creating a 19% share of total exports. The following exporters - Indonesia (X kg) and Brunei Darussalam (X kg) - each amounted to a 6.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to blood-grouping reagents exports from Singapore stood at +5.1%. At the same time, Brunei Darussalam (+55.2%), Indonesia (+11.0%) and Thailand (+5.1%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +55.2% from 2012-2022. Brunei Darussalam (+3 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -2.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest blood-grouping reagents supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Thailand ($X), with a 4.3% share of total exports. It was followed by Indonesia, with a 1.2% share.

In Singapore, blood-grouping reagents exports expanded at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+2.2% per year) and Indonesia (-2.6% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 2.7% against the previous year. Over the period under review, the export price, however, recorded a slight decline. The pace of growth was the most pronounced in 2015 an increase of 21%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+20.1%), while the other leaders experienced a decline in the export price figures.

Blood-Grouping Reagents Imports

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in purchases abroad of blood-grouping reagents, which increased by 0.4% to X tons in 2022. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +42.6% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 53%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, blood-grouping reagents imports fell to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 +19.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 31%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Thailand (X tons) and the Philippines (X tons) represented roughly 60% of total imports in 2022. Singapore (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (11%), Vietnam (8.7%) and Malaysia (4.8%). Lao People's Democratic Republic (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest blood-grouping reagents importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), together comprising 67% of total imports. Indonesia, the Philippines, Lao People's Democratic Republic and Malaysia lagged somewhat behind, together comprising a further 33%.

Lao People's Democratic Republic, with a CAGR of +61.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of -11.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2015 an increase of 44% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the Philippines ($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 Philippines (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :