Asia-Pacific: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Asia-Pacific

The Asia-Pacific composite laboratory reagents market soared to $X in 2022, surging by X% against the previous year. The total consumption indicated resilient growth 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 increased by X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Composite Laboratory Reagents Production in Asia-Pacific

In value terms, composite laboratory reagents production rose markedly to $X in 2022 estimated in export price. The total production indicated moderate growth 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% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Composite Laboratory Reagents Exports

Exports in Asia-Pacific

In 2022, shipments abroad of composite diagnostic or laboratory reagents decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, composite laboratory reagents exports soared to $X in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the main exporter of composite diagnostic or laboratory reagents, generating X% of total exports. It was distantly followed by Singapore (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together making up a X% share of total exports. South Korea (X tons), India (X tons) and Malaysia (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 China stood at X%. At the same time, Malaysia (X%), India (X%), Singapore (X%), South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China, Singapore and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price 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, composite laboratory reagents export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Composite Laboratory Reagents Imports

Imports in Asia-Pacific

In 2022, imports of composite diagnostic or laboratory reagents in Asia-Pacific soared to X tons, with an increase of X% against the previous year's figure. In general, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents imports surged to $X in 2022. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), Australia (X tons), Hong Kong SAR (X tons), South Korea (X tons) and India (X tons) represented the key importers of composite diagnostic or laboratory reagents, together committing X% of total imports. Thailand (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), New Zealand (X tons), Singapore (X tons), Indonesia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (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 Asia-Pacific were China ($X), Japan ($X) and Australia ($X), together comprising X% of total imports. Hong Kong SAR, India, South Korea, New Zealand, Thailand, Singapore, the Philippines, Taiwan (Chinese), Indonesia and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, New Zealand, with a CAGR of X%, saw the highest growth rate of 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 import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while Vietnam ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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