Europe: Composite Laboratory Reagents Market 2022

Composite Laboratory Reagents Market Size in Europe

The Europe composite laboratory reagents market amounted to $X in 2021, growing by 4.1% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.8% against 2019 indices. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Composite Laboratory Reagents Production in Europe

In value terms, composite laboratory reagents production shrank sharply to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +26.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, production reached the peak level of $X, and then dropped remarkably in the following year.

Composite Laboratory Reagents Exports

Exports in Europe

For the third year in a row, Europe recorded growth in shipments abroad of composite diagnostic or laboratory reagents, which increased by 36% to X tons in 2021. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.6% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents exports surged to $X in 2021. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany was the major exporter of composite diagnostic or laboratory reagents in Europe, with the volume of exports amounting to X tons, which was near 44% of total exports in 2021. It was distantly followed by the Netherlands (X tons), Ireland (X tons), Austria (X tons) and Belgium (X tons), together comprising a 28% share of total exports. The following exporters - Poland (X tons), Spain (X tons), the UK (X tons), Sweden (X tons), Italy (X tons) and Hungary (X tons) - together made up 21% of total exports.

Exports from Germany increased at an average annual rate of +5.3% from 2012 to 2021. At the same time, Poland (+17.6%), Spain (+12.5%), Sweden (+10.0%), Ireland (+7.3%), Hungary (+6.6%), the Netherlands (+5.9%), Belgium (+3.2%) and Italy (+2.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +17.6% from 2012-2021. Austria experienced a relatively flat trend pattern. By contrast, the UK (-1.1%) illustrated a downward trend over the same period. While the share of Poland (+2.4 p.p.) and Spain (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-1.9 p.p.), the UK (-3.2 p.p.) and Austria (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest composite laboratory reagents supplying countries in Europe were Germany ($X), the Netherlands ($X) and the UK ($X), together comprising 60% of total exports. These countries were followed by Belgium, Sweden, Spain, Ireland, Italy, Austria, Poland and Hungary, which together accounted for a further 26%.

In terms of the main exporting countries, Hungary, with a CAGR of +19.7%, saw 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 export price in Europe stood at $X per ton in 2021, with a decrease of -6.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 when the export price increased by 24%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+12.3%), while the other leaders experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports in Europe

In 2021, supplies from abroad of composite diagnostic or laboratory reagents increased by 46% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by the UK (X tons), the Netherlands (X tons), Italy (X tons), Turkey (X tons) and Belgium (X tons) were the largest importers of composite diagnostic or laboratory reagents, together mixing up 74% of total imports. Spain (X tons), Poland (X tons), the Czech Republic (X tons), Austria (X tons), Denmark (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest composite laboratory reagents importing markets in Europe were the UK ($X), Germany ($X) and the Netherlands ($X), together accounting for 60% of total imports.

The UK, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, picking up by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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