ECOWAS: Composite Laboratory Reagents Market 2022

Composite Laboratory Reagents Market Size in ECOWAS

In general, consumption continues to indicate a relatively flat trend pattern.

Composite Laboratory Reagents Exports

Exports by Country

In 2021, Germany (X tons), distantly followed by the United States (X tons), China (X tons), the Netherlands (X tons), Singapore (X tons) and Ireland (X tons) were the key exporters of composite diagnostic or laboratory reagents, together making up 64% of total exports. Japan (X tons), France (X tons), Austria (X tons), Belgium (X tons), Poland (X tons), Spain (X tons) and the UK (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, together comprising 50% of total exports. The UK, China, France, Singapore, Belgium, Spain, Japan, Ireland, Austria and Poland lagged somewhat behind, together accounting for a further 29%.

In terms of the main exporting countries, China, with a CAGR of +31.0%, 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 export price in X stood at less than $X per ton in 2021, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.7%), while the other leaders experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports by Country

Qatar prevails in imports structure, finishing at X tons, which was near 77% of total imports in 2021. Germany (X tons), the UK (X tons), the Netherlands (X tons), the United States (X tons), France (X tons), Italy (X tons), China (X tons), Japan (X tons), Spain (X tons), Turkey (X tons) and Belgium (X tons) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the composite diagnostic or laboratory reagents imports, with a CAGR of +165.6% from 2012 to 2021. At the same time, the Netherlands (+18.5%), the UK (+12.6%), China (+10.7%), Germany (+6.4%), Turkey (+4.7%), Italy (+4.0%), Belgium (+3.7%) and Japan (+2.9%) displayed positive paces of growth. France and Spain experienced a relatively flat trend pattern. By contrast, the United States (-14.6%) illustrated a downward trend over the same period. Qatar (+77 p.p.) significantly strengthened its position in terms of the global imports, while Belgium, China, Turkey, the UK, Japan, Spain, Italy, France, the United States and Germany saw its share reduced by -2.3%, -2.6%, -2.6%, -2.7%, -2.8%, -2.8%, -4.2%, -6.1%, -7.1% and -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported composite diagnostic or laboratory reagents into X, comprising 91% of global imports. The second position in the ranking was held by the UK ($X), with a 1.2% share of global imports. It was followed by Germany, with a 1.1% share.

In Qatar, composite laboratory reagents imports increased at an average annual rate of +208.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (+22.4% per year) and Germany (+6.7% per year).

Import Prices by Country

In 2021, the import price in X amounted to less than $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+16.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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