Turkey: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Turkey

The Turkish composite laboratory reagents market reduced to $X in 2022, falling by -9.7% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Composite laboratory reagents consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Composite Laboratory Reagents Production in Turkey

In value terms, composite laboratory reagents production rose sharply to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 54%. Composite laboratory reagents production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Composite Laboratory Reagents Exports

Exports from Turkey

In 2022, composite laboratory reagents exports from Turkey fell sharply to X tons, waning by -20.1% against 2021 figures. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 144%. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, composite laboratory reagents exports shrank notably to $X in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 215%. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Germany (X tons), Iraq (X tons) and Austria (X tons) were the main destinations of composite laboratory reagents exports from Turkey, with a combined 23% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +105.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Azerbaijan ($X) constituted the largest markets for composite laboratory reagents exported from Turkey worldwide, together accounting for 23% of total exports. Austria, Israel, Russia, Italy, Poland, Iran, Cyprus, Iraq, Greece and China lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Austria, with a CAGR of +128.1%, recorded the highest rates of growth with regard to the value of exports, 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, waning by -16.6% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 347% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Iraq ($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 Iran (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Turkey

In 2022, imports of composite diagnostic or laboratory reagents into Turkey dropped to X tons, waning by -14.5% compared with 2021 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, composite laboratory reagents imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest composite laboratory reagents supplier to Turkey, with a 37% share of total imports. Moreover, composite laboratory reagents imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. France (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.7% per year) and France (-6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of composite diagnostic or laboratory reagents to Turkey, comprising 23% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.7% share of total imports. It was followed by France, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.9% per year) and France (-8.4% per year).

Import Prices by Country

In 2022, the average composite laboratory reagents import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 35%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :