Asia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Asia

The Asian nucleic acid market shrank markedly to $X in 2021, with a decrease of -16% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +2.8% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell notably in the following year.

Nucleic Acid Production in Asia

In value terms, nucleic acid production declined to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.3% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 37% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Nucleic Acid Exports

Exports in Asia

In 2021, nucleic acid exports in Asia skyrocketed to X tons, increasing by 21% on the previous year. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 80% of total exports in 2021. Japan (X tons) took an 8.8% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (4.9%). India (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, India (+13.7%), Japan (+10.7%) and Indonesia (+2.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.7% from 2012-2021. While the share of Japan (+3.7 p.p.) and India (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nucleic acid supplier in Asia, comprising 58% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +10.8%. In the other countries, the average annual rates were as follows: Japan (+11.0% per year) and India (+18.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with a decrease of -3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2020 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the other leaders experienced more modest paces of growth.

Nucleic Acid Imports

Imports in Asia

In 2021, approx. X tons of nucleic acids and their salts were imported in Asia; growing by 13% against 2020. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.2% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, nucleic acid imports reduced slightly to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. The level of import peaked at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, India (X tons), distantly followed by China (X tons), Japan (X tons), Thailand (X tons), South Korea (X tons), Vietnam (X tons), Turkey (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main importers of nucleic acids and their salts, together generating 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, together comprising 63% of total imports. South Korea, Turkey, Thailand, Indonesia, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 24%.

Vietnam, with a CAGR of +17.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, waning by -14.1% against the previous year. Over the period under review, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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