EU: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in the EU

The EU composite laboratory reagents market fell remarkably to $X in 2022, which is down by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Composite Laboratory Reagents Production in the EU

In value terms, composite laboratory reagents production expanded significantly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Composite Laboratory Reagents Exports

Exports in the EU

In 2022, shipments abroad of composite diagnostic or laboratory reagents increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, composite laboratory reagents exports rose modestly to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany was the major exporter of composite diagnostic or laboratory reagents in the European Union, with the volume of exports recording X tons, which was near X% of total exports in 2022. The Netherlands (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Ireland (X%), Italy (X%) and France (X%). Austria (X tons), Belgium (X tons), Sweden (X tons), Spain (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to composite laboratory reagents exports from Germany stood at X%. At the same time, Poland (X%), Italy (X%), Spain (X%), Sweden (X%), the Netherlands (X%), Ireland (X%), Hungary (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Italy increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest composite laboratory reagents supplying countries in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for X% of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, 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 export price in the European Union amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports in the EU

In 2022, overseas purchases of composite diagnostic or laboratory reagents decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, composite laboratory reagents imports declined modestly to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), France (X tons), Italy (X tons) and Belgium (X tons) represented the major importers of composite diagnostic or laboratory reagents, together creating X% of total imports. Spain (X tons), Ireland (X tons), Poland (X tons), the Czech Republic (X tons), Denmark (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest composite laboratory reagents importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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