Estonia: Nucleic Acids Market 2025

Nucleic Acids Market Size in Estonia

In 2022, the Estonian nucleic acids market increased by 50% to $X, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed tangible growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Nucleic Acids Production in Estonia

In value terms, nucleic acids production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by 95%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Nucleic Acids Exports

Exports from Estonia

In 2022, approx. X tons of nucleic acids and their salts were exported from Estonia; with a decrease of -86.9% on the year before. In general, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2013 with an increase of 28%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, nucleic acids exports contracted remarkably to $X in 2022. Overall, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2013 with an increase of 40% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for nucleic acids exports from Estonia, with a 95% share of total exports. Moreover, nucleic acids exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -36.8%.

In value terms, the Netherlands ($X) emerged as the key foreign market for nucleic acids and their salts exports from Estonia, comprising 55% of total exports. The second position in the ranking was held by Russia ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +169.0%.

Export Prices by Country

In 2022, the average nucleic acids export price amounted to $X per ton, surging by 205% against the previous year. In general, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+27.2%), while the prices for the other major destinations experienced mixed trend patterns.

Nucleic Acids Imports

Imports into Estonia

In 2022, the amount of nucleic acids and their salts imported into Estonia soared to X tons, jumping by 55% against 2021 figures. In general, imports, however, continue to indicate a abrupt downturn. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, nucleic acids imports expanded notably to $X in 2022. Overall, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 33%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), France (X tons) and Hungary (X tons) were the main suppliers of nucleic acids imports to Estonia, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +66.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of nucleic acids and their salts to Estonia, comprising 41% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-6.3% per year) and France (+40.7% per year).

Import Prices by Country

The average nucleic acids import price stood at $X per ton in 2022, shrinking by -29.6% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average import price increased by 57%. The import price peaked at $X per ton in 2021, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform