Australia and Oceania: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Australia and Oceania

In 2022, the composite laboratory reagents market in Australia and Oceania increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Composite Laboratory Reagents Production in Australia and Oceania

In value terms, composite laboratory reagents production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Composite Laboratory Reagents Exports

Exports in Australia and Oceania

In 2022, shipments abroad of composite diagnostic or laboratory reagents increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, composite laboratory reagents exports soared to $X in 2022. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest composite laboratory reagents supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price posted a significant expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Composite Laboratory Reagents Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of composite diagnostic or laboratory reagents increased by X% to X tons, rising for the fourth year in a row after four years of decline. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents imports soared to $X in 2022. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importer of composite diagnostic or laboratory reagents in Australia and Oceania, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports.

Australia was also the fastest-growing in terms of the composite diagnostic or laboratory reagents imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported composite diagnostic or laboratory reagents in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, composite laboratory reagents imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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