Antisera Market Overview in Argentina
In value terms, antisera production totaled $ in 2019 estimated in export prices. Overall, the total production indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2015 indices. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Over the period under review, production reached the maximum level at $ in 2009; however, from 2010 to 2019, production failed to regain the momentum.
The size of the antisera market in Argentina stood at $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Argentina consumption peaked in 2019 and is likely to see gradual growth in the immediate term.