Sri Lanka: Antisera Market 2024

Antisera Market Size in Sri Lanka

The Sri Lankan antisera market shrank to $X in 2021, waning by -9.2% against the previous year. Overall, consumption, however, posted a prominent increase. Antisera consumption peaked at $X in 2020, and then contracted in the following year.

Antisera Production in Sri Lanka

In value terms, antisera production reduced to $X in 2021 estimated in export price. In general, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 89%. Antisera production peaked at $X in 2020, and then contracted in the following year.

Antisera Exports

Exports from Sri Lanka

In 2021, shipments abroad of antisera and other blood fractions decreased by -20.9% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 2,872%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, antisera exports reduced to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 1,781% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for antisera exports from Sri Lanka, accounting for a 95% share of total exports. It was followed by Maldives (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +75.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+20.4% per year) and Norway (+49.5% per year).

In value terms, India ($X) remains the key foreign market for antisera and other blood fractions exports from Sri Lanka, comprising 93% of total exports. The second position in the ranking was held by Maldives ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+51.5% per year) and Norway (+59.2% per year).

Export Prices by Country

In 2021, the average antisera export price amounted to $X per ton, increasing by 11% against the previous year. In general, the export price posted a significant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 174%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into Sri Lanka

In 2021, imports of antisera and other blood fractions into Sri Lanka reduced dramatically to X tons, with a decrease of -58.7% against the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 145% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, antisera imports contracted dramatically to $X in 2021. In general, imports saw a pronounced slump. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and France (X tons) were the main suppliers of antisera imports to Sri Lanka, with a combined 65% share of total imports. Austria, South Korea, India and the United Arab Emirates lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +260.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the United States ($X) and France ($X) appeared to be the largest antisera suppliers to Sri Lanka, together accounting for 32% of total imports. South Korea, China, India and the United Arab Emirates lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +272.7%, 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, rising by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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