Eastern Asia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Eastern Asia

The East Asian nucleic acid market fell dramatically to $X in 2021, dropping by -31.5% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Nucleic Acid Production in Eastern Asia

In value terms, nucleic acid production shrank to $X in 2021 estimated in export price. The total production indicated a strong increase 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, production increased by +94.9% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21%. As a result, production reached the peak level of $X, and then fell in the following year.

Nucleic Acid Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of nucleic acids and their salts, which increased by 22% to X tons in 2021. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Exports by Country

China dominates exports structure, reaching X tons, which was near 89% of total exports in 2021. It was distantly followed by Japan (X tons), mixing up a 9.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to nucleic acid exports from China stood at +3.8%. At the same time, Japan (+10.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.7% from 2012-2021. Japan (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest nucleic acid supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was taken by Japan ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +10.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, leveling off at the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.6% 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 +62.8% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%).

Nucleic Acid Imports

Imports in Eastern Asia

For the sixth year in a row, Eastern Asia recorded growth in supplies from abroad of nucleic acids and their salts, which increased by 5.5% to X tons in 2021. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.9% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 17%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, nucleic acid imports reduced dramatically to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30%. The level of import peaked at $X in 2020, and then plummeted in the following year.

Imports by Country

China (X tons) and Japan (X tons) were the largest importers of nucleic acids and their salts in 2021, finishing at near 33% and 32% of total imports, respectively. South Korea (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (13%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported nucleic acids and their salts in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by South Korea, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -2.6%. In the other countries, the average annual rates were as follows: China (+7.7% per year) and South Korea (+6.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, falling by -23.2% against the previous year. Overall, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2015 an increase of 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (+5.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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