Israel: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Israel

In 2022, after four years of growth, there was significant decline in the Israeli composite laboratory reagents market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a strong increase. Composite laboratory reagents consumption peaked at $X in 2021, and then reduced in the following year.

Composite Laboratory Reagents Exports

Exports from Israel

In 2022, the amount of composite diagnostic or laboratory reagents exported from Israel rose rapidly to X tons, growing by X% compared with the previous year. Over the period under review, exports, however, saw a mild slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, composite laboratory reagents exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for composite laboratory reagents exports from Israel, accounting for a X% share of total exports. Moreover, composite laboratory reagents exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for composite diagnostic or laboratory reagents exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average composite laboratory reagents export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and South Korea ($X per ton), while the average price for exports to Russia ($X per ton) and the Netherlands ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Composite Laboratory Reagents Imports

Imports into Israel

In 2022, supplies from abroad of composite diagnostic or laboratory reagents decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, composite laboratory reagents imports fell to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of composite laboratory reagents imports to Israel, with a combined X% share of total imports. South Korea, the UK, France, Switzerland, Turkey, Belgium, the Netherlands, Italy, Hong Kong SAR and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the largest composite laboratory reagents suppliers to Israel, together comprising X% of total imports. South Korea, the UK, France, Switzerland, Turkey, Belgium, the Netherlands, Italy, Hong Kong SAR and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of 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

The average composite laboratory reagents import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price showed resilient growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Austria ($X per ton), while the price for France ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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