Uruguay: Antisera Market 2024

Antisera Market Size in Uruguay

The Uruguayan antisera market skyrocketed to $X in 2021, jumping by 141% against the previous year. Overall, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Antisera Production in Uruguay

In value terms, antisera production fell modestly to $X in 2021 estimated in export price. Over the period under review, production saw a slight shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 1.4%. Antisera production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Antisera Exports

Exports from Uruguay

In 2021, exports of antisera and other blood fractions from Uruguay dropped remarkably to X tons, falling by -46.7% compared with 2020 figures. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, antisera exports fell significantly to $X in 2021. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 60% against the previous year. The exports peaked at $X in 2020, and then fell rapidly in the following year.

Exports by Country

Argentina (X tons) was the main destination for antisera exports from Uruguay, with a 49% share of total exports. Moreover, antisera exports to Argentina exceeded the volume sent to the second major destination, Peru (X tons), fivefold. China (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina totaled +73.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+70.9% per year) and China (+12.1% per year).

In value terms, China ($X), Colombia ($X) and Free Zones ($X) appeared to be the largest markets for antisera exported from Uruguay worldwide, with a combined 37% share of total exports.

Free Zones, with a CAGR of +71.1%, saw the highest growth rate of 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

The average antisera export price stood at $X per ton in 2021, with an increase of 28% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Argentina ($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 Thailand (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Antisera Imports

Imports into Uruguay

For the third consecutive year, Uruguay recorded growth in supplies from abroad of antisera and other blood fractions, which increased by 21% to X tons in 2021. Overall, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2017 with an increase of 33%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, antisera imports rose significantly to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 57%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of antisera imports to Uruguay, with a combined 50% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +52.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and the United States ($X) appeared to be the largest antisera suppliers to Uruguay, together comprising 65% of total imports. These countries were followed by Argentina, South Korea, Brazil, Ireland, Austria and the UK, which together accounted for a further 25%.

Brazil, with a CAGR of +53.3%, recorded the highest growth rate of the value of imports, among 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, falling by -13% 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 +6.4% 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 decreased by -41.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 120%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Brazil ($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 UK (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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