Uzbekistan: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Uzbekistan

In 2022, after ten years of growth, there was significant decline in the Uzbek composite laboratory reagents market, when its value decreased by -29.6% to $X. Over the period under review, consumption, however, saw a buoyant increase. Composite laboratory reagents consumption peaked at $X in 2021, and then contracted sharply in the following year.

Composite Laboratory Reagents Exports

Exports from Uzbekistan

In 2022, overseas shipments of composite diagnostic or laboratory reagents increased by 59% to X kg, rising for the second consecutive year after two years of decline. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 5,900%. As a result, the exports attained the peak of X kg. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, composite laboratory reagents exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 789,250% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X kg), Estonia (X kg) and Turkey (X kg) were the main destinations of composite laboratory reagents exports from Uzbekistan, with a combined 86% share of total exports.

From 2017 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +400.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for composite diagnostic or laboratory reagents exports from Uzbekistan, comprising 53% of total exports. The second position in the ranking was taken by Estonia ($X), with a 19% share of total exports. It was followed by Germany, with a 12% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (0.0% per year) and Germany (+1,081.5% per year).

Export Prices by Country

In 2022, the average composite laboratory reagents export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2018 an increase of 13,056% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+181.2%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Uzbekistan

Composite laboratory reagents imports into Uzbekistan declined significantly to X tons in 2022, which is down by -29.6% on 2021 figures. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 48%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, composite laboratory reagents imports dropped notably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 219% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of composite laboratory reagents to Uzbekistan, with a 53% share of total imports. Moreover, composite laboratory reagents imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Finland (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.5% per year) and Finland (-13.8% per year).

In value terms, China ($X), Finland ($X) and Germany ($X) were the largest composite laboratory reagents suppliers to Uzbekistan, with a combined 34% share of total imports. Lithuania and Belgium lagged somewhat behind, together comprising a further 7.5%.

In terms of the main suppliers, Lithuania, with a CAGR of +97.1%, recorded the highest rates of growth with regard to 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 composite laboratory reagents import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 261% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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