Thailand: Antisera Market 2024

Antisera Market Size in Thailand

The Thai antisera market surged to $X in 2021, jumping by 34% against the previous year. In general, consumption enjoyed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Antisera Production in Thailand

In value terms, antisera production stood at $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Antisera production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Antisera Exports

Exports from Thailand

In 2021, the amount of antisera and other blood fractions exported from Thailand rose significantly to X tons, picking up by 15% compared with 2020 figures. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 110% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, antisera exports soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Cuba (X tons) was the main destination for antisera exports from Thailand, with a 66% share of total exports. Moreover, antisera exports to Cuba exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold. Lao People's Democratic Republic (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Cuba amounted to +3,563.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-5.6% per year) and Lao People's Democratic Republic (-25.7% per year).

In value terms, Cuba ($X) emerged as the key foreign market for antisera and other blood fractions exports from Thailand, comprising 62% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with an 18% share of total exports. It was followed by Singapore, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cuba totaled +24,859.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-10.1% per year) and Singapore (-3.4% per year).

Export Prices by Country

In 2021, the average antisera export price amounted to $X per ton, jumping by 129% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2017 when the average export price increased by 387% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Myanmar ($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 Cuba (+581.4%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into Thailand

In 2021, supplies from abroad of antisera and other blood fractions increased by 245% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, antisera imports surged to $X in 2021. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest antisera supplier to Thailand, with a 47% share of total imports. Moreover, antisera imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +55.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+35.4% per year) and the United States (+15.0% per year).

In value terms, the largest antisera suppliers to Thailand were Germany ($X), Switzerland ($X) and the United States ($X), with a combined 61% share of total imports. These countries were followed by South Korea, China, Austria, Australia and New Zealand, which together accounted for a further 22%.

Australia, with a CAGR of +37.8%, saw 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

In 2021, the average antisera import price amounted to $X per ton, shrinking by -57.8% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 97%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+20.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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