Asia-Pacific: Nucleic Acid Market 2024

Nucleic Acid Market Size in Asia-Pacific

The Asia-Pacific nucleic acid market contracted significantly to $X in 2021, which is down by -15.9% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.2% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2020, and then plummeted in the following year.

Nucleic Acid Production in Asia-Pacific

In value terms, nucleic acid production declined to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +104.2% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Nucleic Acid Exports

Exports in Asia-Pacific

In 2021, the amount of nucleic acids and their salts exported in Asia-Pacific surged to X tons, growing by 21% compared with the year before. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 +74.2% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 17%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was near 80% of total exports in 2021. It was distantly followed by Japan (X tons) and Indonesia (X tons), together creating a 14% share of total exports. India (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to nucleic acid exports from China stood at +3.8%. 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-Pacific, with a CAGR of +13.7% from 2012-2021. From 2012 to 2021, the share of Japan and India increased by +3.6 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nucleic acid supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was taken by Japan ($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 amounted to +10.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+11.0% per year) and India (+18.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, reducing by -3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2020 when the export price increased by 15%. As a result, the export price attained the peak level of $X per ton, and then reduced 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-Pacific

In 2021, imports of nucleic acids and their salts in Asia-Pacific rose markedly to X tons, picking up by 14% on 2020 figures. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +65.9% against 2014 indices. The pace of growth was the most pronounced in 2017 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, nucleic acid imports shrank to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then contracted 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), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main importers of nucleic acids and their salts, together mixing up 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nucleic acid importing markets in Asia-Pacific were Japan ($X), India ($X) and China ($X), with a combined 67% share of total imports. South Korea, Thailand, Indonesia, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

Vietnam, with a CAGR of +17.1%, saw the highest rates of growth with regard to 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-Pacific amounted to $X per ton, declining by -14.9% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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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