Report Update: Apr 1, 2024

Thailand - Composite Diagnostic Or Laboratory Reagents - Market Analysis, Forecast, Size, Trends And Insights

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Composite Laboratory Reagents Price in Thailand - 2023

Composite Laboratory Reagents Price in Thailand (CIF) - 2022

In 2022, the average composite laboratory reagents import price amounted to $61,240 per ton, almost unchanged from the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 49%. Over the period under review, average import prices reached the maximum at $61,240 per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($228,984 per ton), while the price for Hong Kong SAR ($23,667 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Composite Laboratory Reagents Price in Thailand (FOB) - 2022

The average composite laboratory reagents export price stood at $28,417 per ton in 2022, surging by 7.8% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 251%. Over the period under review, the average export prices attained the maximum at $75,615 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($46,609 per ton), while the average price for exports to Malaysia ($8,170 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 South Korea (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports in Thailand

Composite laboratory reagents imports into Thailand amounted to 8K tons in 2022, picking up by 2.1% on the previous year. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 127%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, composite laboratory reagents imports expanded to $487M in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 127%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Composite Laboratory Reagents in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.6	14.6	86.9	235	271.1%
United States	44.1	44.1	70.9	70.7	17.0%
Germany	25.5	26.4	40.1	37.7	13.9%
Singapore	30.4	17.1	29.3	18.6	-15.1%
France	4.6	5.5	23.9	7.7	18.7%
Hong Kong SAR	6.5	5.0	9.6	4.7	-10.2%
South Korea	4.5	5.7	38.9	N/A	194.0%
Others	77.0	91.9	177	113	13.6%
Total	197	210	477	487	35.2%

Top Suppliers of Composite Laboratory Reagents to Thailand in 2022:

China (5.8K tons)
Singapore (0.7K tons)
United States (0.4K tons)
Germany (0.2K tons)
Hong Kong SAR (0.2K tons)
France (0.1K tons)

Composite Laboratory Reagents Exports in Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of composite diagnostic or laboratory reagents, which increased by 23% to 2.7K tons in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, composite laboratory reagents exports surged to $76M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Composite Laboratory Reagents in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.6	16.3	17.1	22.4	50.3%
United States	0.9	0.7	0.4	12.7	141.7%
Tanzania	0.2	1.1	1.2	4.2	175.9%
Japan	0.9	2.0	1.8	2.8	46.0%
Taiwan (Chinese)	0.2	0.9	1.0	2.4	128.9%
Zimbabwe	0.8	1.9	0.8	2.4	44.2%
South Africa	2.0	3.4	3.3	2.2	3.2%
Nigeria	1.8	1.8	0.2	2.1	5.3%
Malawi	2.6	2.0	2.4	2.0	-8.4%
Malaysia	0.2	0.5	1.2	2.0	115.4%
Myanmar	0.1	1.9	0.6	1.7	157.1%
Kenya	2.3	0.6	1.8	0.8	-29.7%
Zambia	1.6	1.1	1.0	0.3	-42.8%
Others	6.7	13.2	24.7	18.1	39.3%
Total	26.9	47.4	57.5	76.2	41.5%

Top Export Markets for Composite Laboratory Reagents from Thailand in 2022:

United States (988.8 tons)
China (560.3 tons)
Malaysia (241.4 tons)
Tanzania (96.1 tons)
Taiwan (Chinese) (78.3 tons)
Zimbabwe (66.6 tons)
South Africa (55.9 tons)
Nigeria (51.1 tons)
Myanmar (47.6 tons)
Malawi (46.1 tons)
Japan (30.9 tons)
Kenya (19.2 tons)
Zambia (7.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the composite laboratory reagents market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20595210 - Composite diagnostic or laboratory reagents, including paper impregnated or coated with diagnostic or laboratory reagents

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023