Finland: Nucleic Acid Market 2024

Nucleic Acid Market Size in Finland

In 2021, the Finnish nucleic acid market increased by 32% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a modest increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Nucleic Acid Production in Finland

In value terms, nucleic acid production soared to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +99.8% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Nucleic Acid Exports

Exports from Finland

In 2021, shipments abroad of nucleic acids and their salts was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a perceptible increase. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, nucleic acid exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for nucleic acid exports from Finland, accounting for a 52% share of total exports. Moreover, nucleic acid exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.2% per year) and the Netherlands (0.0% per year).

In value terms, Germany ($X), France ($X) and Switzerland ($X) appeared to be the largest markets for nucleic acid exported from Finland worldwide, together accounting for 84% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +201.5%, saw 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

In 2021, the average nucleic acid export price amounted to $X per ton, dropping by -18.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 an increase of 38%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 (+7.2%), while the prices for the other major destinations experienced a decline.

Nucleic Acid Imports

Imports into Finland

In 2021, the amount of nucleic acids and their salts imported into Finland fell to X tons, reducing by -12.8% on the year before. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 38%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, nucleic acid imports dropped sharply to $X in 2021. In general, imports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

Germany (X tons), China (X tons) and Spain (X tons) were the main suppliers of nucleic acid imports to Finland, together comprising 68% of total imports. These countries were followed by Sweden, France, Italy, the Netherlands, Belgium and India, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and India ($X) appeared to be the largest nucleic acid suppliers to Finland, together accounting for 60% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +38.4%, recorded the highest growth rate of 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

The average nucleic acid import price stood at $X per ton in 2021, dropping by -10.3% against the previous year. In general, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 83%. The import price peaked at $X per ton in 2020, and then fell in the following year.

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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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