Brazil: Nucleic Acid Market 2024

Nucleic Acid Market Size in Brazil

For the fifth consecutive year, the Brazilian nucleic acid market recorded growth in sales value, which increased by 8.4% to $X in 2021. Overall, consumption posted a buoyant increase. Nucleic acid consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Nucleic Acid Production in Brazil

In value terms, nucleic acid production amounted to $X in 2021 estimated in export price. In general, production recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 7.7%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Nucleic Acid Exports

Exports from Brazil

In 2021, approx. X tons of nucleic acids and their salts were exported from Brazil; which is down by -8.9% against the year before. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 35% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, nucleic acid exports expanded slightly to $X in 2021. Over the period under review, exports recorded a dramatic slump. The growth pace was the most rapid in 2019 when exports increased by 135%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons), Bolivia (X tons) and Israel (X tons) were the main destinations of nucleic acid exports from Brazil, together comprising 63% of total exports.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +80.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nucleic acid exported from Brazil were Uruguay ($X), Israel ($X) and Bolivia ($X), with a combined 63% share of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of +86.5%, recorded the highest rates of growth with regard to the value of exports, 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, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 87%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Brazil

For the sixth consecutive year, Brazil recorded growth in overseas purchases of nucleic acids and their salts, which increased by 20% to X tons in 2021. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid imports soared to $X in 2021. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 33%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest nucleic acid supplier to Brazil, accounting for a 50% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and India (+12.3% per year).

In value terms, China ($X), India ($X) and Japan ($X) appeared to be the largest nucleic acid suppliers to Brazil, together accounting for 68% of total imports.

Among the main suppliers, Japan, with a CAGR of +22.6%, saw the highest growth rate of the value of imports, 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, growing by 1.6% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :