Germany Dominates the EU Market for Composite Diagnostic and Laboratory Reagents - Global Trade Magazine
  April 28th, 2020 | Written by

Germany Dominates the EU Market for Composite Diagnostic and Laboratory Reagents

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  • The Netherlands recorded the highest growth rate of the value of imports.
  • In 2018, the market value for composite laboratory reagents in the European Union totaled $9.4B.

IndexBox has just published a new report: ‘EU – Composite Diagnostic Or Laboratory Reagents – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

In 2018, the market value for composite laboratory reagents in the European Union totaled $9.4B. Over the period under review, composite laboratory reagents consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of 14% year-to-year. Over the period under review, the composite laboratory reagents market reached its peak figure level at $12.2B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption by Country

The largest composite laboratory reagents markets in the European Union were Germany ($2.8B), the UK ($1.7B) and Italy ($1.1B), together comprising 60% of the total market. The Netherlands, Spain, Hungary, Austria, Belgium, Sweden, Portugal, Greece and Poland lagged somewhat behind, together accounting for a further 31%.

Exports in the EU

In value terms, composite laboratory reagents exports totaled $15.7B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +4.5% from 2009 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

Exports by Country

Germany ($4.7B), the UK ($2.5B) and the Netherlands ($2.3B) appeared to be the countries with the highest levels of exports in 2018, with a combined 61% share of total exports. These countries were followed by Ireland, France, Sweden, Italy, Belgium, Spain, Poland, Austria and Hungary, which together accounted for a further 33%.

In terms of the main exporting countries, Poland recorded the highest growth rate of the value of exports, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Imports in the EU

EU’s composite laboratory reagents imports totaled $12.5B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.5% over the period from 2009 to 2018.

Imports by Country

In value terms, the largest composite laboratory reagents importing markets in the European Union were Germany ($3B), the Netherlands ($1.7B) and France ($1.5B), with a combined 49% share of total imports.

The Netherlands recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform