Denmark: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Denmark

In 2022, after three years of growth, there was significant decline in the Danish composite laboratory reagents market, when its value decreased by X% to $X. Overall, consumption recorded a pronounced shrinkage. Over the period under review, the market reached the peak level at $X in 2021, and then fell remarkably in the following year.

Composite Laboratory Reagents Production in Denmark

In value terms, composite laboratory reagents production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Composite Laboratory Reagents Exports

Exports from Denmark

In 2022, approx. X tons of composite diagnostic or laboratory reagents were exported from Denmark; surging by X% compared with the previous year's figure. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, composite laboratory reagents exports surged to $X in 2022. Over the period under review, total exports indicated a resilient 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons), Poland (X tons) and the United States (X tons) were the main destinations of composite laboratory reagents exports from Denmark, with a combined X% share of total exports. Japan, Turkey, Norway, Germany, Sweden, India, Saudi Arabia, Spain, the UK and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (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 Denmark were China ($X), Japan ($X) and the United States ($X), with a combined X% share of total exports. Germany, Poland, Spain, Saudi Arabia, Norway, the UK, Sweden, Taiwan (Chinese), India and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to 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, increasing by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Composite Laboratory Reagents Imports

Imports into Denmark

After five years of growth, purchases abroad of composite diagnostic or laboratory reagents decreased by X% to X tons in 2022. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, composite laboratory reagents imports contracted significantly to $X in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

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

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

In value terms, the largest composite laboratory reagents suppliers to Denmark were Germany ($X), the United States ($X) and the Netherlands ($X), together accounting for X% of total imports. China, Sweden, France, the UK, Finland, Belgium and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average composite laboratory reagents import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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