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.
COUNTRY | Import Value of Nucleic Acids in U.S. (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Singapore | 302 | 219 | 429 | 122 | 150 | 156 | 107 | 79.4 | 160 | 165 | 3,147 |
Ireland | 2,857 | 3,159 | 2,114 | 3,248 | 2,188 | 2,288 | 2,909 | 5,866 | 4,518 | 7,227 | 1,922 |
China | 238 | 328 | 348 | 321 | 370 | 441 | 530 | 592 | 940 | 1,141 | 770 |
India | 298 | 256 | 218 | 273 | 339 | 309 | 359 | 313 | 600 | 651 | 548 |
Germany | 394 | 323 | 248 | 204 | 255 | 300 | 333 | 325 | 379 | 341 | 412 |
Switzerland | 189 | 215 | 220 | 490 | 404 | 306 | 825 | 811 | 1,273 | 636 | 371 |
Japan | 257 | 256 | 310 | 330 | 323 | 263 | 194 | 190 | 153 | 181 | 155 |
United Kingdom | 643 | 925 | 4,301 | 889 | 572 | 560 | 595 | 811 | 198 | 110 | 150 |
Belgium | 843 | 1,298 | 1,423 | 874 | 504 | 297 | 341 | 701 | 681 | 446 | 132 |
Others | 443 | 389 | 403 | 444 | 827 | 523 | 486 | 465 | 438 | 480 | 477 |
Total | 6,463 | 7,368 | 10,014 | 7,195 | 5,933 | 5,443 | 6,680 | 10,155 | 9,341 | 11,377 | 8,083 |
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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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- MARKET FORECAST TO 2035
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Finding New Products to Diversify Your Business
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024