Turkey: Antisera Market 2024

Antisera Market Size in Turkey

In 2021, after four years of growth, there was significant decline in the Turkish antisera market, when its value decreased by -62.8% to $X. Overall, consumption showed a noticeable downturn. Antisera consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Antisera Production in Turkey

In value terms, antisera production rose sharply to $X in 2021 estimated in export price. In general, production showed a abrupt setback. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Antisera Exports

Exports from Turkey

Antisera exports from Turkey soared to X tons in 2021, with an increase of 92% on the year before. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 451%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, antisera exports surged to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,835% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for antisera exports from Turkey, with a 90% share of total exports. Moreover, antisera exports to South Korea exceeded the volume sent to the second major destination, Iran (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea amounted to +265.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+18.4% per year) and Cyprus (-6.5% per year).

In value terms, South Korea ($X) remains the key foreign market for antisera and other blood fractions exports from Turkey, comprising 92% of total exports. The second position in the ranking was taken by Iran ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +241.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+22.9% per year) and Cyprus (+16.1% per year).

Export Prices by Country

The average antisera export price stood at $X per ton in 2021, dropping by -35.2% against the previous year. Over the period under review, the export price, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 an increase of 251%. The export price peaked at $X per ton in 2020, and then reduced dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Iran ($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 Cyprus (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.

Antisera Imports

Imports into Turkey

In 2021, approx. X tons of antisera and other blood fractions were imported into Turkey; rising by 24% on 2020. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, antisera imports soared to $X in 2021. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of antisera to Turkey, accounting for a 43% share of total imports. Moreover, antisera imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.3% per year) and the United States (+6.2% per year).

In value terms, the largest antisera suppliers to Turkey were Germany ($X), South Korea ($X) and the United States ($X), together comprising 57% of total imports.

Among the main suppliers, South Korea, with a CAGR of +30.4%, saw 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, growing by 4.2% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antisera import price increased by +90.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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