Southern Asia: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Southern Asia

The South Asian blood-grouping reagents market amounted to $X in 2022, with an increase of 6.7% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Blood-Grouping Reagents Production in Southern Asia

In value terms, blood-grouping reagents production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 45%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Blood-Grouping Reagents Exports

Exports in Southern Asia

After two years of growth, shipments abroad of blood-grouping reagents decreased by -18.4% to X tons in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 920% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank significantly in the following year.

In value terms, blood-grouping reagents exports declined rapidly to $X in 2022. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2016 when exports increased by 1,306% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2022.

India was also the fastest-growing in terms of the blood-grouping reagents exports, with a CAGR of +6.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest blood-grouping reagents supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +13.4%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 2.2% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blood-grouping reagents export price decreased by -4.0% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 38% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.2% per year.

Blood-Grouping Reagents Imports

Imports in Southern Asia

In 2022, imports of blood-grouping reagents in Southern Asia contracted to X tons, waning by -14.2% compared with the year before. Over the period under review, imports, however, showed notable growth. The growth pace was the most rapid in 2017 when imports increased by 85%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, blood-grouping reagents imports reduced to $X in 2022. In general, imports, however, continue to indicate tangible growth. The pace of growth appeared the most rapid in 2016 with an increase of 47%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

India prevails in imports structure, amounting to X tons, which was approx. 77% of total imports in 2022. It was distantly followed by Sri Lanka (X tons), committing a 9.7% share of total imports. Pakistan (X tons), Bhutan (X tons), Bangladesh (X tons), Maldives (X tons) and Afghanistan (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to blood-grouping reagents imports into India stood at +7.1%. At the same time, Maldives (+29.7%), Afghanistan (+17.7%) and Pakistan (+10.5%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +29.7% from 2012-2022. By contrast, Sri Lanka (-2.7%), Bangladesh (-5.5%) and Bhutan (-13.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Maldives and Pakistan increased by +23, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported blood-grouping reagents in Southern Asia, comprising 88% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 6.3% share of total imports. It was followed by Maldives, with a 1.8% share.

In India, blood-grouping reagents imports increased at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (-4.9% per year) and Maldives (+26.1% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by 3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 when the import price increased by 65% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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