Belgium: Nucleic Acid Market 2024

Nucleic Acid Market Size in Belgium

The Belgian nucleic acid market skyrocketed to $X in 2021, surging by 50% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nucleic Acid Production in Belgium

In value terms, nucleic acid production fell modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 105% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Nucleic Acid Exports

Exports from Belgium

Nucleic acid exports from Belgium soared to X tons in 2021, jumping by 25% compared with 2020 figures. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 81%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, nucleic acid exports reduced to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 775% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

The United States (X tons) was the main destination for nucleic acid exports from Belgium, with a 41% share of total exports. Moreover, nucleic acid exports to the United States exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was held by France (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+24.9% per year) and France (+9.7% per year).

In value terms, Italy ($X), the United States ($X) and Switzerland ($X) appeared to be the largest markets for nucleic acid exported from Belgium worldwide, together comprising 47% of total exports. France, Germany, Russia, China, the UK, Turkey, India, Spain, Brazil and Slovakia lagged somewhat behind, together comprising a further 22%.

Slovakia, with a CAGR of +134.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, with a decrease of -22.9% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 383%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($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 (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Belgium

In 2021, approx. X tons of nucleic acids and their salts were imported into Belgium; with an increase of 8% on 2020. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 65% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, nucleic acid imports skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main nucleic acid supplier to Belgium, with a 1,140% share of total imports. It was followed by the United States (X tons), with a 28% share of total imports. The third position in this ranking was taken by China (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +73.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.3% per year) and China (-2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of nucleic acids and their salts to Belgium, comprising 94% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.6% share of total imports. It was followed by Ireland, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +89.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Ireland (-10.1% per year).

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, picking up by 1,096% against the previous year. In general, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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