Australia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Australia

In 2021, the Australian nucleic acid market increased by 34% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nucleic Acid Exports

Exports from Australia

In 2021, overseas shipments of nucleic acids and their salts were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 400% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for nucleic acid exports from Australia, with a 85% share of total exports. Moreover, nucleic acid exports to Latvia exceeded the volume sent to the second major destination, New Zealand (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-33.8% per year) and China (-60.2% per year).

In value terms, Latvia ($X) emerged as the key foreign market for nucleic acids and their salts exports from Australia, comprising 49% of total exports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-16.7% per year) and China (-56.2% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, dropping by -87.7% against the previous year. Over the period under review, the export price, however, recorded a tangible increase. The pace of growth was the most pronounced in 2020 an increase of 406% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+25.8%).

Nucleic Acid Imports

Imports into Australia

In 2021, supplies from abroad of nucleic acids and their salts increased by 36% to X tons, rising for the second year in a row after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 64%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, nucleic acid imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 63%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Australia, with a 72% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.8% per year) and Germany (+18.1% per year).

In value terms, China ($X) constituted the largest supplier of nucleic acids and their salts to Australia, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by India, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.0% per year) and India (+6.7% per year).

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+42.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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