Eastern Asia: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Eastern Asia

The East Asian composite laboratory reagents market soared to $X in 2022, rising by X% against the previous year. The total consumption indicated a remarkable 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, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Composite Laboratory Reagents Production in Eastern Asia

In value terms, composite laboratory reagents production amounted to $X in 2022 estimated in export price. The total production indicated a resilient 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 was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Composite Laboratory Reagents Exports

Exports in Eastern Asia

For the eleventh consecutive year, Eastern Asia recorded growth in overseas shipments of composite diagnostic or laboratory reagents, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 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 expanded markedly to $X in 2022. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

China was the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons), together creating a X% share of total exports.

China was also the fastest-growing in terms of the composite diagnostic or laboratory reagents exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded strong growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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 South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Composite Laboratory Reagents Imports

Imports in Eastern Asia

In 2022, composite laboratory reagents imports in Eastern Asia surged to X tons, with an increase of X% against the previous year. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents imports surged to $X in 2022. In general, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the main importer of composite diagnostic or laboratory reagents in Eastern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Japan (X tons) held the second position in the ranking, distantly followed by Hong Kong SAR (X tons) and South Korea (X tons). All these countries together took near X% share of total imports. Taiwan (Chinese) (X tons) held a minor share of total imports.

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

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, China, with a CAGR of X%, saw 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 import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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