Brazil's Import of Nucleic Acids Falls to $1.1B in 2023

Brazil Nucleic Acids Imports

In 2023, after six years of growth, there was significant decline in overseas purchases of nucleic acids and their salts, when their volume decreased by -19% to 31K tons. Over the period under review, total imports indicated a moderate expansion from 2013 to 2023: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +55.8% against 2016 indices. The growth pace was the most rapid in 2022 when imports increased by 24% against the previous year. As a result, imports reached the peak of 38K tons, and then shrank markedly in the following year.

In value terms, nucleic acids imports reduced to $1.1B (IndexBox estimates) in 2023. Overall, imports, however, recorded resilient growth. The growth pace was the most rapid in 2022 with an increase of 49% against the previous year. As a result, imports reached the peak of $1.2B, and then contracted in the following year.

Imports by Country

In 2023, China (19K tons) constituted the largest nucleic acids supplier to Brazil, accounting for a 62% share of total imports. Moreover, nucleic acids imports from China exceeded the figures recorded by the second-largest supplier, India (3.7K tons), fivefold. The third position in this ranking was held by Germany (3.5K tons), with a 12% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.1% per year) and Germany (+1.1% per year).

In value terms, China ($482M) constituted the largest supplier of nucleic acids and their salts to Brazil, comprising 44% of total imports. The second position in the ranking was taken by India ($203M), with a 19% share of total imports. It was followed by Switzerland, with a 9.8% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.5% per year) and Switzerland (+4.2% per year).

Imports by Type

In 2023, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 (18K tons) constituted the largest type of nucleic acids and their salts supplied to Brazil, with a 57% share of total imports. Moreover, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 exceeded the figures recorded for the second-largest type, heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (8.7K tons), twofold. The third position in this ranking was held by heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (4.6K tons), with a 15% share.

From 2013 to 2023, the average annual rate of growth in terms of the volume of nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 imports totaled +5.6%. With regard to the other supplied products, the following average annual rates of growth were recorded: heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (-1.4% per year) and heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (+10.9% per year).

In value terms, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 ($789M) constituted the largest type of nucleic acids and their salts supplied to Brazil, comprising 72% of total imports. The second position in the ranking was taken by heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure ($263M), with a 24% share of total imports. It was followed by heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused, with a 3.4% share.

Import Prices by Country

In 2023, the nucleic acids price stood at $35,571 per ton (CIF, Brazil), surging by 10% against the previous year. Over the period under review, import price indicated measured growth from 2013 to 2023: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, nucleic acids import price increased by +29.0% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 22%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($107,110 per ton), while the price for Belgium ($5,746 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform