China: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in China

The Chinese composite laboratory reagents market soared to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a prominent 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, consumption increased by X% against 2018 indices. Composite laboratory reagents consumption peaked in 2022 and is likely to continue growth in the immediate term.

Composite Laboratory Reagents Production in China

In value terms, composite laboratory reagents production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Composite Laboratory Reagents Exports

Exports from China

Composite laboratory reagents exports from China was estimated at X tons in 2022, picking up by X% on the previous year's figure. Overall, exports saw strong growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, composite laboratory reagents exports rose significantly to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and the UK (X tons) were the main destinations of composite laboratory reagents exports from China, with a combined X% share of total exports. Hong Kong SAR, Australia, Thailand, Canada, the Netherlands, Malaysia, Austria, France, Japan and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Australia ($X) appeared to be the largest markets for composite laboratory reagents exported from China worldwide, with a combined X% share of total exports. Hong Kong SAR, Canada, the UK, Japan, Thailand, France, the Netherlands, Austria, Malaysia and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Austria, 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, shrinking by X% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Russia ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into China

For the sixth year in a row, China recorded growth in supplies from abroad of composite diagnostic or laboratory reagents, which increased by X% to X tons in 2022. Over the period under review, imports recorded a prominent increase. 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 significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest composite laboratory reagents supplier to China, accounting for a X% share of total imports. Moreover, composite laboratory reagents imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a X% share.

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

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

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average composite laboratory reagents import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, import price indicated modest growth 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 import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :