Africa: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Africa

The African composite laboratory reagents market was estimated at $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Africa

In value terms, composite laboratory reagents production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Composite Laboratory Reagents Exports

Exports in Africa

For the fourth consecutive year, Africa recorded growth in overseas shipments of composite diagnostic or laboratory reagents, which increased by X% to X tons in 2022. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, composite laboratory reagents exports skyrocketed to $X in 2022. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Equatorial Guinea (X tons) was the main exporter of composite diagnostic or laboratory reagents, mixing up X% of total exports. It was distantly followed by South Africa (X tons), achieving a X% share of total exports. Kenya (X tons) followed a long way behind the leaders.

Equatorial Guinea experienced a relatively flat trend pattern with regard to volume of exports of composite diagnostic or laboratory reagents. At the same time, Kenya (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Equatorial Guinea (X p.p.) and Kenya (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest composite laboratory reagents supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Equatorial Guinea ($X), with a X% share of total exports.

In South Africa, composite laboratory reagents exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Equatorial Guinea (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Equatorial Guinea ($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 Africa (X%).

Composite Laboratory Reagents Imports

Imports in Africa

In 2022, overseas purchases of composite diagnostic or laboratory reagents decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 declined rapidly in the following year.

In value terms, composite laboratory reagents imports declined slightly to $X in 2022. Total imports indicated a tangible 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of composite diagnostic or laboratory reagents, namely Egypt, Algeria, Tanzania, Ethiopia, Morocco, Sudan, Mozambique, Tunisia, Kenya, Ghana, Burkina Faso and Libya, represented more than two-thirds of total import. Zimbabwe (X tons) held a minor share of total imports.

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

In value terms, Egypt ($X), Algeria ($X) and Ethiopia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Ethiopia, with a CAGR of X%, recorded 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

The import price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat 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 Kenya ($X per ton), while Sudan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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