Hong Kong SAR, China: Market for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses 2024

Market Size for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Hong Kong SAR, China

The Hong Kong human and animal blood market rose modestly to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated resilient growth 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 decreased by X% against 2020 indices. Human and animal blood consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Hong Kong SAR, China

In value terms, human and animal blood production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth 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 appeared the most rapid in 2017 with an increase of X% against the previous year. Human and animal blood production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Exports from Hong Kong SAR, China

In 2022, exports of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses from Hong Kong SAR declined to X tons, with a decrease of X% against 2021 figures. In general, exports, however, saw strong growth. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, human and animal blood exports shrank to $X in 2022. Overall, exports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for human and animal blood exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, human and animal blood exports to Australia exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. Mexico (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Mexico (X% per year).

In value terms, Australia ($X) remains the key foreign market for human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average human and animal blood export price amounted to $X per ton, which is down 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 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and Macao SAR ($X per ton), while the average price for exports to Mexico ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Imports into Hong Kong SAR, China

Human and animal blood imports into Hong Kong SAR declined to X tons in 2022, waning by X% compared with 2021 figures. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, human and animal blood imports contracted to $X in 2022. Over the period under review, total imports indicated modest growth 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. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of human and animal blood imports to Hong Kong SAR, together accounting for X% of total imports.

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

In value terms, the United States ($X), Ireland ($X) and Germany ($X) were the largest human and animal blood suppliers to Hong Kong SAR, together comprising X% of total imports.

Among the main suppliers, Germany, 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 human and animal blood import price amounted to $X per kg, dropping by X% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per kg. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per kg), while the price for Australia ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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