Canada: Nucleic Acid Market 2024

Nucleic Acid Market Size in Canada

In 2021, the Canadian nucleic acid market increased by 17% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.7% against 2019 indices. Nucleic acid consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Nucleic Acid Production in Canada

In value terms, nucleic acid production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 77% against the previous year. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Nucleic Acid Exports

Exports from Canada

In 2021, exports of nucleic acids and their salts from Canada declined markedly to X tons, falling by -80.6% on the year before. In general, exports faced a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 50%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports shrank notably to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 235% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for nucleic acid exports from Canada, accounting for a 72% share of total exports. Moreover, nucleic acid exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.0% per year) and France (+1.1% per year).

In value terms, the largest markets for nucleic acid exported from Canada were France ($X), the United States ($X) and Germany ($X), with a combined 83% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +53.7%, saw the highest growth rate of 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

In 2021, the average nucleic acid export price amounted to $X per ton, surging by 82% against the previous year. Over the period under review, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 123% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 India (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Canada

In 2021, purchases abroad of nucleic acids and their salts increased by 21% to X tons, rising for the third consecutive year after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 38%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, nucleic acid imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of nucleic acid imports to Canada, together accounting for 60% of total imports. Switzerland, India, Belgium, Mexico and Ireland lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +34.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nucleic acid suppliers to Canada were Switzerland ($X), India ($X) and the United States ($X), together accounting for 49% of total imports. Ireland, China, Germany, Mexico and Belgium lagged somewhat behind, together accounting for a further 31%.

Belgium, with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat 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 China (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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