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Jun 8, 2023

China's Nucleic Acids Export Rises 2%, Averaging $418M in April 2023

China Nucleic Acids Exports

Nucleic acids exports from China reduced to 18K tons in April 2023, which is down by -9.7% against March 2023 figures. The total export volume increased at an average monthly rate of +1.0% over the period from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in May 2022 with an increase of 31% month-to-month.

In value terms, nucleic acids exports stood at $418M (IndexBox estimates) in April 2023. The total export value increased at an average monthly rate of +2.0% over the period from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in May 2022 with an increase of 32% against the previous month.

COUNTRYExport Value of Nucleic Acids in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
India57.858.953.655.339.741.638.539.048.578.266.971.568.2
United States57.074.213885.410672.271.563.268.867.052.865.056.8
Brazil18.820.230.421.325.925.632.424.321.320.222.037.437.7
Japan21.630.741.135.723.035.124.927.630.234.328.732.133.8
South Korea18.520.819.818.022.018.924.112.614.118.113.618.822.7
Italy10.117.017.622.821.113.620.715.619.214.612.218.816.9
Russia10.515.111.820.531.820.216.914.515.812.66.67.714.5
Germany9.314.914.89.515.513.514.112.516.520.08.217.513.6
Mexico5.96.17.110.66.34.75.65.73.99.88.59.010.6
Vietnam6.67.27.06.15.25.96.24.14.73.14.26.76.1
Australia2.52.52.83.32.42.21.92.71.43.22.64.44.5
Thailand7.17.67.65.64.75.26.63.94.47.04.44.54.2
Indonesia4.25.37.99.25.17.34.95.75.36.24.44.72.7
Others100154155142130134130104175156113110126
Total330435515445439401398335429450348408418

Exports by Country

India (3.5K tons), the United States (1.9K tons) and Brazil (1.8K tons) were the main destinations of nucleic acids exports from China, with a combined 40% share of total exports. These countries were followed by Japan, Thailand, Vietnam, Russia, Italy, Mexico, Germany, South Korea, Indonesia and Australia, which together accounted for a further 38%.

From April 2022 to April 2023, the biggest increases were in Australia (with a CAGR of +10.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($68M), the United States ($57M) and Brazil ($38M) appeared to be the largest markets for nucleic acids exported from China worldwide, together accounting for 39% of total exports.

Brazil, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 (8.9K tons), heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (7.2K tons) and heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (1.8K tons) were the main products of nucleic acids exports from China.

From April 2022 to April 2023, the biggest increases were in heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (with a CAGR of +3.2%), while shipments for the other products experienced mixed trend patterns.

In value terms, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 ($338M) remains the largest type of nucleic acids exported from China, comprising 81% of total exports. The second position in the ranking was held by heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure ($46M), with an 11% share of total exports.

From April 2022 to April 2023, the average monthly rate of growth in terms of the export volume of nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 totaled +2.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (+3.7% per month) and heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (-2.0% per month).

Export Prices by Country

In April 2023, the nucleic acids price stood at $23,381 per ton (FOB, China), picking up by 13% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when the average export price increased by 24% m-o-m. The export price peaked at $26,526 per ton in December 2022; however, from January 2023 to April 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In April 2023, the country with the highest price was South Korea ($42,783 per ton), while the average price for exports to Thailand ($4,195 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
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  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

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  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
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  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
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  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

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  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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