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Aug 29, 2024

U.S. Nucleic Acids Imports Plunge to $8.1 Billion in 2023

U.S. Nucleic Acids Imports

In 2023, supplies from abroad of nucleic acids and their salts decreased by -24.1% to 67K tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.3% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked at 89K tons in 2022, and then dropped significantly in the following year.

In value terms, nucleic acids imports dropped dramatically to $8.1B (IndexBox estimates) in 2023. Overall, total imports indicated a measured increase from 2013 to 2023: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Imports peaked at $11.4B in 2022, and then reduced remarkably in the following year.U.S. Nucleic Acids Imports By Country (Million USD)

COUNTRYImport Value of Nucleic Acids in U.S. (million USD)
20132014201520162017201820192020202120222023
Singapore30221942912215015610779.41601653,147
Ireland2,8573,1592,1143,2482,1882,2882,9095,8664,5187,2271,922
China2383283483213704415305929401,141770
India298256218273339309359313600651548
Germany394323248204255300333325379341412
Switzerland1892152204904043068258111,273636371
Japan257256310330323263194190153181155
United Kingdom6439254,301889572560595811198110150
Belgium8431,2981,423874504297341701681446132
Others443389403444827523486465438480477
Total6,4637,36810,0147,1955,9335,4436,68010,1559,34111,3778,083

Imports by Country

In 2023, China (31K tons) constituted the largest supplier of nucleic acids to the United States, with a 46% share of total imports. Moreover, nucleic acids imports from China exceeded the figures recorded by the second-largest supplier, Belgium (11K tons), threefold. India (8K tons) ranked third in terms of total imports with a 12% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.8% per year) and India (+12.0% per year).

In value terms, the largest nucleic acids suppliers to the United States were Singapore ($3.1B), Ireland ($1.9B) and China ($770M), together comprising 72% of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +26.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 (33K tons), heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (27K tons) and heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (7.3K tons) were the main products of nucleic acids imports to the United States, together accounting for 99.9% of total imports.

From 2013 to 2023, the biggest increases were recorded for nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 (with a CAGR of +4.2%), while purchases for the other products experienced more modest paces of growth.

In value terms, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 ($7.5B) constituted the largest type of nucleic acids and their salts supplied to the United States, comprising 93% 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 ($476M), with a 5.9% share of total imports. It was followed by heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused, with a 1% share.

Import Prices by Country

In 2023, the nucleic acids price stood at $120,127 per ton (CIF, US), falling by -6.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 66% against the previous year. The import price peaked at $157,680 per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Ireland ($576,832 per ton), while the price for Belgium ($12,441 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the prices for the other major suppliers 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

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    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
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    Choosing the Best Countries to Boost Your Exports

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    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
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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
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  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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