Report Update: May 1, 2024

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

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Composite Laboratory Reagents Price in the UK - 2023

Composite Laboratory Reagents Price in the UK (CIF) - 2022

In 2022, the average composite laboratory reagents import price amounted to $165,926 per ton, almost unchanged from the previous year. Overall, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($863,546 per ton), while the price for Austria ($66,710 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Composite Laboratory Reagents Price in the UK (FOB) - 2022

The average composite laboratory reagents export price stood at $219,497 per ton in 2022, reducing by -18.3% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, composite laboratory reagents export price increased by +113.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs at $268,727 per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($451,787 per ton), while the average price for exports to Turkey ($32,447 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 the United States (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports in the UK

In 2022, composite laboratory reagents imports into the UK contracted rapidly to 13K tons, dropping by -63.8% on 2021. Over the period under review, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 235%. As a result, imports reached the peak of 37K tons, and then dropped dramatically in the following year.

In value terms, composite laboratory reagents imports reduced sharply to $2.2B in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 235% against the previous year. As a result, imports attained the peak of $6.1B, and then contracted remarkably in the following year.

Import of Composite Laboratory Reagents in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.0	13.1	61.9	547	350.1%
United States	318	319	1,318	335	1.8%
Netherlands	282	295	680	216	-8.5%
Germany	230	176	568	182	-7.5%
France	71.5	50.2	148	44.1	-14.9%
Austria	13.2	9.4	15.0	1.7	-49.5%
Poland	27.4	23.5	36.6	N/A	15.6%
Others	258	938	3,288	888	51.0%
Total	1,206	1,824	6,116	2,213	22.4%

Top Suppliers of Composite Laboratory Reagents to the UK in 2022:

Austria (undefinedK tons)
China (6.9K tons)
Germany (1.8K tons)
Netherlands (0.5K tons)
United States (0.4K tons)
France (0.2K tons)

Composite Laboratory Reagents Exports in the UK

For the third consecutive year, the UK recorded decline in overseas shipments of composite diagnostic or laboratory reagents, which decreased by -2% to 10K tons in 2022. In general, exports recorded a abrupt decrease.

In value terms, composite laboratory reagents exports plummeted to $2.2B in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year.

Export of Composite Laboratory Reagents in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	576	766	891	709	7.2%
Germany	259	342	247	252	-0.9%
Netherlands	46.9	76.8	182	158	49.9%
Japan	116	108	129	127	3.1%
China	120	137	145	123	0.8%
Belgium	32.8	127	136	103	46.4%
France	155	214	96.3	63.0	-25.9%
Ireland	154	158	122	42.6	-34.8%
Australia	23.6	34.3	38.8	37.3	16.5%
Sweden	37.0	35.0	43.6	37.1	0.1%
India	13.9	33.2	35.1	29.2	28.1%
Iraq	1.1	2.4	1.7	12.7	126.0%
Turkey	8.5	22.9	16.9	11.8	11.6%
Others	439	694	712	531	6.5%
Total	1,984	2,751	2,796	2,238	4.1%

Top Export Markets for Composite Laboratory Reagents from the UK in 2022:

Germany (1581.0 tons)
United States (1569.6 tons)
Belgium (1074.5 tons)
Netherlands (680.2 tons)
Ireland (543.7 tons)
China (538.8 tons)
Japan (372.1 tons)
Turkey (364.6 tons)
France (306.0 tons)
India (253.7 tons)
Iraq (214.6 tons)
Sweden (200.1 tons)
Australia (162.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the composite laboratory reagents market in the UK. 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:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
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