Southern Asia: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Southern Asia

In 2022, the South Asian composite laboratory reagents market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the market value increased by X%. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Composite Laboratory Reagents Production in Southern Asia

In value terms, composite laboratory reagents production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Composite Laboratory Reagents Exports

Exports in Southern Asia

Composite laboratory reagents exports surged to X tons in 2022, with an increase of X% on the year before. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, composite laboratory reagents exports soared to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The biggest shipments were from India (X tons), together amounting to X% of total export.

India was also the fastest-growing in terms of the composite diagnostic or laboratory reagents exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest composite laboratory reagents supplier in Southern Asia.

In India, composite laboratory reagents exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Composite Laboratory Reagents Imports

Imports in Southern Asia

Composite laboratory reagents imports dropped to X tons in 2022, which is down by X% on the previous year. Total imports indicated strong growth from 2012 to 2022: its volume 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 growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, composite laboratory reagents imports fell to $X in 2022. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India represented the major importing country with an import of about X tons, which reached X% of total imports. Pakistan (X tons) took the second position in the ranking, followed by Bangladesh (X tons). All these countries together took approx. X% share of total imports. Nepal (X tons), Sri Lanka (X tons) and Afghanistan (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to composite laboratory reagents imports into India stood at X%. At the same time, Afghanistan (X%), Bangladesh (X%), Nepal (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while India and Sri Lanka saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported composite diagnostic or laboratory reagents in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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