China: Nucleic Acid Market 2024

Nucleic Acid Market Size in China

The Chinese nucleic acid market shrank sharply to $X in 2021, waning by -21.9% against the previous year. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2020, and then reduced dramatically in the following year.

Nucleic Acid Production in China

In value terms, nucleic acid production contracted to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +97.3% against 2012 indices. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Nucleic acid production peaked at $X in 2020, and then contracted in the following year.

Nucleic Acid Exports

Exports from China

In 2021, approx. X tons of nucleic acids and their salts were exported from China; jumping by 22% on the previous year. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid exports soared to $X in 2021. Overall, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of nucleic acid exports from China, with a combined 38% share of total exports. These countries were followed by Japan, Brazil, Indonesia, South Korea, Vietnam, Italy, Russia, Mexico, the Netherlands and Germany, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +12.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Japan ($X) appeared to be the largest markets for nucleic acid exported from China worldwide, with a combined 40% share of total exports. South Korea, Italy, Brazil, Germany, the Netherlands, Russia, Vietnam, Thailand, Mexico and Indonesia lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Russia, with a CAGR of +20.1%, recorded 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

The average nucleic acid export price stood at $X per ton in 2021, picking up by 6.6% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nucleic acid export price increased by +42.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Thailand ($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 (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into China

In 2021, approx. X tons of nucleic acids and their salts were imported into China; rising by 7.8% compared with 2020 figures. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, nucleic acid imports totaled $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% 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 increased by +95.5% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), India (X tons) and France (X tons) were the main suppliers of nucleic acid imports to China, with a combined 69% share of total imports. These countries were followed by Japan, Belgium, Hungary, Thailand, the Netherlands, the United States, Italy, South Korea, Ireland and Indonesia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +322.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Belgium ($X) were the largest nucleic acid suppliers to China, together comprising 61% of total imports. These countries were followed by Japan, Germany, France, Ireland, South Korea, the Netherlands, Italy, Hungary, Thailand and Indonesia, which together accounted for a further 31%.

Among the main suppliers, Thailand, with a CAGR of +237.2%, recorded the highest rates of growth with regard to 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, rising by 2.3% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2013 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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