Angola: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Angola

The Angolan composite laboratory reagents market surged to $X in 2022, jumping by X% 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). Overall, the total consumption indicated a prominent 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 reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Composite Laboratory Reagents Exports

Exports from Angola

In 2018, after three years of growth, there was significant decline in overseas shipments of composite diagnostic or laboratory reagents, when their volume decreased by X% to X kg. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg, and then shrank notably in the following year.

In value terms, composite laboratory reagents exports fell markedly to $X in 2018. Overall, exports faced a significant decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Mozambique (X kg) was the main destination for composite laboratory reagents exports from Angola, accounting for a X% share of total exports. Moreover, composite laboratory reagents exports to Mozambique exceeded the volume sent to the second major destination, Congo (X kg), twofold. The third position in this ranking was taken by Nigeria (X kg), with a X% share.

From 2015 to 2018, the average annual growth rate of volume to Mozambique amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Nigeria (X% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for composite diagnostic or laboratory reagents exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2015 to 2018, the average annual rate of growth in terms of value to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2018, the average composite laboratory reagents export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a dramatic slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced a decline.

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Composite Laboratory Reagents Imports

Imports into Angola

In 2022, after two years of growth, there was significant decline in supplies from abroad of composite diagnostic or laboratory reagents, when their volume decreased by X% to X tons. In general, total imports indicated a slight increase 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 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, composite laboratory reagents imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient increase 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Portugal (X tons) and Cuba (X tons) were the main suppliers of composite laboratory reagents imports to Angola, together accounting for X% of total imports. Pakistan, India, the United States, Hong Kong SAR, Japan, Germany, the Netherlands, Belgium, France and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cuba ($X) constituted the largest supplier of composite diagnostic or laboratory reagents to Angola, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Cuba totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and China (X% per year).

Import Prices by Country

The average composite laboratory reagents import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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