Chile: Nucleic Acid Market 2024

Nucleic Acid Market Size in Chile

In 2021, the Chilean nucleic acid market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Nucleic Acid Exports

Exports from Chile

In 2021, nucleic acid exports from Chile soared to X tons, rising by 134% compared with 2020. Overall, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 524% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports fell remarkably to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 735%. The exports peaked at $X in 2020, and then fell notably in the following year.

Exports by Country

Spain (X tons) was the main destination for nucleic acid exports from Chile, with a 77% share of total exports. Moreover, nucleic acid exports to Spain exceeded the volume sent to the second major destination, Malta (X tons), sevenfold. The third position in this ranking was taken by Panama (X kg), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+22.6% per year) and Panama (-6.5% per year).

In value terms, Malta ($X) remains the key foreign market for nucleic acids and their salts exports from Chile, comprising 63% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Argentina, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Malta amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.4% per year) and Argentina (-26.3% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, dropping by -96.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 321%. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

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 China ($X per ton), while the average price for exports to Spain ($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 the United States (+77.5%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Chile

In 2021, supplies from abroad of nucleic acids and their salts decreased by -16.2% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, nucleic acid imports expanded markedly to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 68% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Chile, with a 66% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.0% per year) and the United States (-1.0% per year).

In value terms, the largest nucleic acid suppliers to Chile were China ($X), India ($X) and Germany ($X), together accounting for 90% of total imports.

India, with a CAGR of +7.5%, recorded the highest rates of growth with regard to 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, surging by 34% against the previous year. Over the period under review, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 55%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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 India ($X per ton), while the price for Mexico ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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