Uruguay: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Uruguay

The Uruguayan blood-grouping reagents market declined notably to $X in 2022, waning by -22.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a slight downturn. Blood-grouping reagents consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Blood-Grouping Reagents Exports

Exports from Uruguay

In 2022, exports of blood-grouping reagents from Uruguay skyrocketed to X tons, jumping by 16% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 261% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, blood-grouping reagents exports rose rapidly to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 131%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for blood-grouping reagents exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to +90.9%.

In value terms, Guatemala ($X) also remains the key foreign market for blood-grouping reagents exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala totaled +64.4%.

Export Prices by Country

The average blood-grouping reagents export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +72.5% per year.

Blood-Grouping Reagents Imports

Imports into Uruguay

After two years of growth, purchases abroad of blood-grouping reagents decreased by -9.3% to X tons in 2022. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, blood-grouping reagents imports contracted to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +12.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 28%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest supplier of blood-grouping reagents to Uruguay, with a 48% share of total imports. Moreover, blood-grouping reagents imports from Switzerland exceeded the figures recorded by the second-largest supplier, Spain (X kg), threefold. The third position in this ranking was taken by the United States (X kg), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+52.2% per year) and the United States (+12.9% per year).

In value terms, the largest blood-grouping reagents suppliers to Uruguay were Switzerland ($X), Spain ($X) and the United States ($X), with a combined 74% share of total imports.

Spain, with a CAGR of +46.0%, recorded the highest growth rate of 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 2022, the average blood-grouping reagents import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+56.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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