United Kingdom: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in the UK

In 2022, the UK composite laboratory reagents market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Composite Laboratory Reagents Production in the UK

In value terms, composite laboratory reagents production expanded rapidly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion 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 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Composite Laboratory Reagents Exports

Exports from the UK

In 2022, the amount of composite diagnostic or laboratory reagents exported from the UK reduced modestly to X tons, falling by X% compared with 2021. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, composite laboratory reagents exports dropped dramatically to $X in 2022. Overall, total exports indicated a perceptible expansion 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 growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

Germany (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of composite laboratory reagents exports from the UK, together comprising X% of total exports. The Netherlands, Ireland, China, Japan, Turkey, France, India, Iraq, Sweden and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the average composite laboratory reagents export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price 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, composite laboratory reagents export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into the UK

In 2022, the amount of composite diagnostic or laboratory reagents imported into the UK shrank significantly to X tons, declining by X% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, composite laboratory reagents imports contracted rapidly to $X in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of composite laboratory reagents to the UK, with a X% share of total imports. Moreover, composite laboratory reagents imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the largest composite laboratory reagents suppliers to the UK were China ($X), the United States ($X) and the Netherlands ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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, remaining stable against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X,139 per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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