Australia and Oceania: Nucleic Acid Market 2024

Nucleic Acid Market Size in Australia and Oceania

In 2021, the nucleic acid market in Australia and Oceania increased by 30% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Nucleic Acid Production in Australia and Oceania

In value terms, nucleic acid production dropped markedly to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +30.8% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 62%. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Nucleic Acid Exports

Exports in Australia and Oceania

In 2021, overseas shipments of nucleic acids and their salts increased by 262% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nucleic acid exports declined dramatically to $X in 2021. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 191%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, recording X tons, which was approx. 92% of total exports in 2021. It was distantly followed by New Zealand (X tons), creating an 8% share of total exports.

Exports from Australia decreased at an average annual rate of -16.5% from 2012 to 2021. At the same time, New Zealand (+4.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +4.2% from 2012-2021. While the share of New Zealand (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-6.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest nucleic acid supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -13.0%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, shrinking by -82.6% against the previous year. Overall, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 149%. As a result, the export price attained the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.1%).

Nucleic Acid Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of nucleic acids and their salts increased by 32% to X tons, rising for the second year in a row after three years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, nucleic acid imports skyrocketed to $X in 2021. Overall, imports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 70%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, accounting for X tons, which was approx. 95% of total imports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of nucleic acids and their salts. New Zealand (-4.4%) illustrated a downward trend over the same period. While the share of Australia (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-2.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported nucleic acids and their salts in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports.

In Australia, nucleic acid imports declined by an average annual rate of -18.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with a decrease of -3.4% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 44% 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+13.0%).

Source: IndexBox Platform

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