Africa: Nucleic Acid Market 2024

Nucleic Acid Market Size in Africa

The African nucleic acid market declined to $X in 2021, reducing by -8.3% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +9.3% against 2019 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Nucleic Acid Production in Africa

In value terms, nucleic acid production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2016 when the production volume increased by 61%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Nucleic Acid Exports

Exports in Africa

In 2021, the amount of nucleic acids and their salts exported in Africa reduced notably to X tons, shrinking by -20.4% on the previous year's figure. In general, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2014 when exports increased by 105% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, nucleic acid exports declined sharply to $X in 2021. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 196% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped significantly in the following year.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. Swaziland (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -2.4% from 2012 to 2021. Swaziland (-1.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest nucleic acid supplier in Africa, comprising 87% of total exports. The second position in the ranking was held by Swaziland ($X), with a 6.5% share of total exports.

In South Africa, nucleic acid exports expanded at an average annual rate of +10.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in 2020 when the export price increased by 69% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+12.7%).

Nucleic Acid Imports

Imports in Africa

In 2021, after three years of growth, there was significant decline in overseas purchases of nucleic acids and their salts, when their volume decreased by -7.5% to X tons. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 25% against the previous year. The volume of import peaked at X tons in 2020, and then declined in the following year.

In value terms, nucleic acid imports shrank slightly to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) represented the key importer of nucleic acids and their salts, generating 43% of total imports. Nigeria (X tons) ranks second in terms of the total imports with a 19% share, followed by Algeria (10%) and Egypt (8.3%). The following importers - Swaziland (X tons), Senegal (X tons), Kenya (X tons), Cote d'Ivoire (X tons) and Tunisia (X tons) - together made up 15% of total imports.

Imports into South Africa increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Senegal (+32.7%), Swaziland (+18.2%), Tunisia (+13.9%), Nigeria (+10.6%), Cote d'Ivoire (+8.9%), Algeria (+7.5%) and Kenya (+6.9%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of +32.7% from 2012-2021. By contrast, Egypt (-3.8%) illustrated a downward trend over the same period. While the share of Nigeria (+7.7 p.p.), Senegal (+3.3 p.p.), Swaziland (+2.7 p.p.) and Algeria (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-2.9 p.p.) and Egypt (-8.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported nucleic acids and their salts in Africa, comprising 54% of total imports. The second position in the ranking was held by Egypt ($X), with a 19% share of total imports. It was followed by Algeria, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +3.3%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+1.4% per year) and Algeria (+10.5% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, picking up by 5.8% against the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2015 an increase of 16%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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