Switzerland: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Switzerland

After two years of growth, the Swiss composite laboratory reagents market decreased by -48.5% to $X in 2022. Over the period under review, consumption saw a abrupt decline. Composite laboratory reagents consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Composite Laboratory Reagents Production in Switzerland

In value terms, composite laboratory reagents production stood at $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 51%. Composite laboratory reagents production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Composite Laboratory Reagents Exports

Exports from Switzerland

In 2022, composite laboratory reagents exports from Switzerland skyrocketed to X tons, picking up by 49% against the previous year's figure. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2014 when exports increased by 57%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, composite laboratory reagents exports surged to $X in 2022. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for composite laboratory reagents exports from Switzerland, accounting for a 33% share of total exports. Moreover, composite laboratory reagents exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.5% per year) and France (+10.5% per year).

In value terms, the largest markets for composite laboratory reagents exported from Switzerland were Germany ($X), the United States ($X) and France ($X), with a combined 35% share of total exports. Canada, the Netherlands, Russia, Italy, China, Japan, Saudi Arabia, Poland, India and Singapore lagged somewhat behind, together comprising a further 36%.

Canada, with a CAGR of +61.1%, saw the highest rates of growth with regard to 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, picking up by 5.9% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 24%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Switzerland

In 2022, after three years of growth, there was decline in overseas purchases of composite diagnostic or laboratory reagents, when their volume decreased by -4.3% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, composite laboratory reagents imports fell modestly to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by +45.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. Over the period under review, imports hit record highs at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest composite laboratory reagents supplier to Switzerland, accounting for a 23% share of total imports. Moreover, composite laboratory reagents imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by China (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.4% per year) and China (+46.4% per year).

In value terms, the largest composite laboratory reagents suppliers to Switzerland were Germany ($X), the Netherlands ($X) and the United States ($X), together accounting for 39% of total imports. France, the UK, China, Italy, Belgium, Japan and Austria lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, China, with a CAGR of +40.7%, 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 composite laboratory reagents import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 +25.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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