Belgium: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Belgium

The Belgian composite laboratory reagents market rose slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Composite Laboratory Reagents Production in Belgium

In value terms, composite laboratory reagents production expanded significantly to $X in 2022 estimated in export price. In general, production enjoyed measured growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Composite Laboratory Reagents Exports

Exports from Belgium

Composite laboratory reagents exports from Belgium reached X tons in 2022, approximately reflecting the year before. Over the period under review, exports showed a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, composite laboratory reagents exports contracted to $X in 2022. In general, exports showed notable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of composite laboratory reagents exports from Belgium, together comprising X% of total exports. Italy, the Netherlands, China, the UK, Japan, Austria, Sweden, Turkey, Poland and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for composite laboratory reagents exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composite laboratory reagents export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to China ($X 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 Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Composite Laboratory Reagents Imports

Imports into Belgium

In 2022, the amount of composite diagnostic or laboratory reagents imported into Belgium reduced to X tons, approximately reflecting the previous year. In general, total imports indicated a temperate 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 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, composite laboratory reagents imports reduced to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest composite laboratory reagents supplier to Belgium, with a X% share of total imports. Moreover, composite laboratory reagents imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by China (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, the largest composite laboratory reagents suppliers to Belgium were the United States ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. The UK, Canada, China, France, Japan and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, 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 average composite laboratory reagents import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Italy ($X per ton), while the price for China ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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