Key Market Indicators
GABORONE – Botswana's import of diagnostic reagents is projected to climb to nearly $17.9 million by 2028, up from approximately $16.4 million in 2023. This marks an average annual growth rate of 1.3%. However, the demand for these imports has seen a slight decline of 0.1% per year since 2005. In terms of exports, Botswana's diagnostic reagent sector is expected to reach $52,000 by 2028, rising modestly from $50,000 in 2023. This equates to an average annual growth rate of 0.4%. Notably, since 2005, the supply of diagnostic reagents from Botswana has surged by 29.5% annually. In 2023, Botswana ranked 79th in the world for diagnostic reagent exports, with Ivory Coast surpassing it with the same export value of around $50,000. Leading the global rankings were Germany, the Netherlands, and the United Kingdom, occupying the second, third, and fourth positions respectively.
