Belarus: Nucleic Acid Market 2024

Nucleic Acid Market Size in Belarus

The Belarusian nucleic acid market shrank to $X in 2021, waning by -11.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a slight reduction. Nucleic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Nucleic Acid Exports

Exports from Belarus

In 2021, approx. X tons of nucleic acids and their salts were exported from Belarus; surging by 292% against 2020. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 283%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for nucleic acid exports from Belarus, with a 64% share of total exports. Moreover, nucleic acid exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+70.1% per year) and the United States (+151.5% per year).

In value terms, Russia ($X) remains the key foreign market for nucleic acids and their salts exports from Belarus, comprising 70% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+126.6% per year) and Germany (+49.6% per year).

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, declining by -33% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 107%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($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 Russia (+1.5%), while the prices for the other major destinations experienced a decline.

Nucleic Acid Imports

Imports into Belarus

Nucleic acid imports into Belarus contracted slightly to X tons in 2021, with a decrease of -2.8% against the previous year's figure. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 119% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, nucleic acid imports shrank to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.7% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Belarus, with a 49% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. Russia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-3.3% per year) and Russia (+24.4% per year).

In value terms, China ($X), India ($X) and Russia ($X) constituted the largest nucleic acid suppliers to Belarus, together comprising 80% of total imports.

India, with a CAGR of +63.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, with a decrease of -11.9% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 93%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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