U.S. - Biological Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBiological Product Price in the United States - 2023
Contents:
- Biological Product Price in the United States (CIF) - 2022
- Biological Product Price in the United States (FOB) - 2022
- Biological Product Imports in the United States
- Biological Product Exports in the United States
Biological Product Price in the United States (CIF) - 2022
In 2022, the average biological product import price amounted to $1,572,379 per ton, dropping by -15.3% against the previous year. Over the period under review, the import price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. Over the period under review, average import prices attained the maximum at $2,344,598 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($14,695,279 per ton), while the price for Canada ($57,134 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 (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Biological Product Price in the United States (FOB) - 2022
In 2022, the average biological product export price amounted to $445,788 per ton, increasing by 44% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,770,390 per ton), while the average price for exports to Canada ($84,563 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 China (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Biological Product Imports in the United States
Biological product imports into the United States was estimated at 35K tons in 2022, growing by 12% on the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, biological product imports dropped to $55.2B in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year.
| Import of Biological Product in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 11.5 | 10.6 | 14.5 | 14.5 | 8.0% |
| Germany | 8.6 | 12.2 | 12.7 | 8.0 | -2.4% |
| Switzerland | 2.5 | 4.8 | 4.8 | 4.3 | 19.8% |
| Belgium | 4.4 | 7.3 | 5.2 | 3.4 | -8.2% |
| South Korea | 2.1 | 1.8 | 2.3 | 2.7 | 8.7% |
| United Kingdom | 1.6 | 2.2 | 2.4 | 2.4 | 14.5% |
| Austria | 0.8 | 0.8 | 1.4 | 2.4 | 44.2% |
| China | 0.1 | 0.4 | 1.3 | 1.8 | 162.1% |
| Sweden | 0.3 | 0.5 | 0.4 | 1.2 | 58.7% |
| Spain | 0.5 | 0.6 | 0.6 | 1.1 | 30.1% |
| Australia | 1.1 | 1.1 | 0.7 | 0.8 | -10.1% |
| Denmark | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Canada | 0.5 | 0.6 | 0.5 | 0.2 | -26.3% |
| Others | 8.4 | 9.4 | 11.1 | 12.2 | 13.2% |
| Total | 42.9 | 52.5 | 58.1 | 55.2 | 8.8% |
Top Suppliers of Biological Product to the United States in 2022:
- China (13.9K tons)
- Germany (4.0K tons)
- South Korea (4.0K tons)
- Canada (2.8K tons)
- Austria (1.4K tons)
- Belgium (1.1K tons)
- Australia (1.0K tons)
- Ireland (1.0K tons)
- Denmark (0.8K tons)
- Switzerland (0.8K tons)
- Spain (0.7K tons)
- Sweden (0.5K tons)
- United Kingdom (0.5K tons)
Biological Product Exports in the United States
In 2022, biological product exports from the United States declined notably to 75K tons, with a decrease of -47.3% on the previous year. In general, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 90% against the previous year. As a result, the exports reached the peak of 142K tons, and then contracted sharply in the following year.
In value terms, biological product exports declined significantly to $33.2B in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $43.9B, and then fell remarkably in the following year.
| Export of Biological Product in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 1.8 | 3.8 | 5.8 | 36.1% |
| Germany | 2.9 | 3.4 | 3.7 | 4.2 | 13.1% |
| Netherlands | 3.3 | 3.2 | 3.3 | 3.6 | 2.9% |
| Switzerland | 1.4 | 1.6 | 1.3 | 2.1 | 14.5% |
| Japan | 1.3 | 1.6 | 2.2 | 2.0 | 15.4% |
| Austria | 1.2 | 1.0 | 1.4 | 1.5 | 7.7% |
| Canada | 1.3 | 1.4 | 3.6 | 1.3 | 0.0% |
| Mexico | 0.3 | 0.4 | 1.2 | 0.8 | 38.7% |
| United Kingdom | 0.9 | 0.9 | 1.1 | 0.7 | -8.0% |
| Sweden | 0.4 | 0.4 | 0.4 | 0.7 | 20.5% |
| South Korea | 0.6 | 0.5 | 1.0 | 0.7 | 5.3% |
| Spain | 0.7 | 0.5 | 1.2 | 0.7 | 0.0% |
| France | 0.4 | 0.7 | 0.8 | 0.6 | 14.5% |
| Others | 9.0 | 8.4 | 19.0 | 8.6 | -1.5% |
| Total | 25.9 | 25.9 | 43.9 | 33.2 | 8.6% |
Top Export Markets for Biological Product from the United States in 2022:
- Canada (15.8K tons)
- Germany (8.9K tons)
- Austria (8.5K tons)
- Mexico (7.1K tons)
- China (4.2K tons)
- South Korea (4.0K tons)
- Sweden (3.8K tons)
- Japan (3.5K tons)
- France (1.8K tons)
- Spain (1.6K tons)
- United Kingdom (1.4K tons)
- Switzerland (1.2K tons)
- Netherlands (1.1K tons)
This report provides an in-depth analysis of the biological product market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21202120 -
- Prodcom 21202140 -
- Prodcom 21202145 - Vaccines for human medicine
- Prodcom 21202160 - Vaccines for veterinary medicine
- Prodcom 21106055 - Human blood, animal blood prepared for therapeutic, p rophylactic or diagnostic uses, cultures of micro-organisms, t oxins (excluding yeasts)
- Prodcom 21202320 - Blood-grouping reagents
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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