Europe: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Europe

In 2022, the Europe composite laboratory reagents market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a noticeable 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. Over the period under review, the market attained the peak level at $X in 2021, and then contracted remarkably in the following year.

Composite Laboratory Reagents Production in Europe

In value terms, composite laboratory reagents production rose sharply to $X in 2022 estimated in export price. The total production indicated a prominent increase 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 most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Composite Laboratory Reagents Exports

Exports in Europe

For the fourth consecutive year, Europe recorded growth in shipments abroad of composite diagnostic or laboratory reagents, which increased by X% to X tons in 2022. Total exports indicated a buoyant increase 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. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, composite laboratory reagents exports amounted to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Germany (X tons) was the largest exporter of composite diagnostic or laboratory reagents, committing X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Ireland (X%), Italy (X%) and France (X%). Austria (X tons), Belgium (X tons), the UK (X tons), Sweden (X tons), Spain (X tons) and Hungary (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to composite laboratory reagents exports from Germany stood at X%. At the same time, Poland (X%), Italy (X%), Spain (X%), Sweden (X%), the Netherlands (X%), Ireland (X%), Hungary (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, the UK (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Italy increased by X and X percentage points, respectively. 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 X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Austria ($X per ton) was amongst the lowest.

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

Composite Laboratory Reagents Imports

Imports in Europe

In 2022, purchases abroad of composite diagnostic or laboratory reagents decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a notable expansion 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. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, composite laboratory reagents imports shrank notably to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), France (X tons), Italy (X tons), the UK (X tons) and Belgium (X tons) were the key importers of composite diagnostic or laboratory reagents, together making up X% of total imports. The following importers - Spain (X tons), Ireland (X tons), Poland (X tons), the Czech Republic (X tons), Denmark (X tons) and Greece (X tons) - together made up X% of total imports.

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

In value terms, the largest composite laboratory reagents importing markets in Europe were Germany ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, 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

The import price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

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