Key Market Indicators
Armenian Diagnostic Reagent exports are expected to reach close to $590,000 by 2026, a 5.5% year-on-year growth rate since 2021. Since 2002, Armenian supply has increased by 133.5%. In 2021, Armenia ranked 67th in global exports, with Macedonia ahead at $425,360. Germany, the Netherlands and the United Kingdom came in at second, third and fourth place respectively. Imports of Armenian diagnostic reagents are predicted to reach around $7.1 million by 2026, at a 3.6% year-on-year average growth rate since 2021. Since 2002, Armenian demand has risen by 13.9%. In 2021, Armenia came in at 115th in global imports, with Fiji ahead at $5,739,400. Germany, China and the Netherlands ranked second, third and fourth respectively.
