Croatia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Croatia

The Croatian nucleic acid market shrank dramatically to $X in 2021, reducing by -69.5% against the previous year. Overall, consumption faced a abrupt slump. Nucleic acid consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Nucleic Acid Production in Croatia

In value terms, nucleic acid production stood at $X in 2021 estimated in export price. Over the period under review, production, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 118% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the near future.

Nucleic Acid Exports

Exports from Croatia

In 2021, shipments abroad of nucleic acids and their salts decreased by -36.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports faced a precipitous decline. The growth pace was the most rapid in 2014 when exports increased by 1,348%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, nucleic acid exports plummeted to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 515%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Austria (X tons) and India (X kg) were the main destinations of nucleic acid exports from Croatia, with a combined 55% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +225.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nucleic acid exported from Croatia were Ireland ($X), India ($X) and Austria ($X), together comprising 64% of total exports.

Among the main countries of destination, Austria, with a CAGR of +424.1%, 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, rising by 31% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 4,982% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Slovenia ($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 Austria (+60.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Croatia

In 2021, approx. X tons of nucleic acids and their salts were imported into Croatia; rising by 17% against the year before. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 54% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nucleic acid imports contracted sharply to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +14.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 54%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and India (X tons) were the main suppliers of nucleic acid imports to Croatia, together comprising 59% of total imports. Italy, France, Taiwan (Chinese), the Netherlands, Austria, China and Slovenia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +63.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of nucleic acids and their salts to Croatia, comprising 48% of total imports. The second position in the ranking was taken by Hungary ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+12.9% per year) and Taiwan (Chinese) (-2.1% per year).

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, dropping by -27.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 66% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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