Greece: Nucleic Acid Market 2025

Nucleic Acid Market Size in Greece

In 2021, after three years of growth, there was significant decline in the Greek nucleic acid market, when its value decreased by -28.6% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Nucleic acid consumption peaked at $X in 2020, and then fell rapidly in the following year.

Nucleic Acid Exports

Exports from Greece

In 2021, exports of nucleic acids and their salts from Greece soared to X tons, surging by 210% against the previous year. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 337%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, nucleic acid exports soared to $X in 2021. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 140%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for nucleic acid exports from Greece, with a 79% share of total exports. Moreover, nucleic acid exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. Switzerland (X kg) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +453.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+42.6% per year) and Switzerland (-0.9% per year).

In value terms, the UK ($X) emerged as the key foreign market for nucleic acids and their salts exports from Greece, comprising 62% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Switzerland, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +633.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.9% per year) and Switzerland (-6.5% per year).

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, declining by -39.8% against the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 90% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Cyprus ($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 Albania (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Greece

In 2021, imports of nucleic acids and their salts into Greece reduced markedly to X tons, waning by -46.3% compared with the previous year. Overall, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 113% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced remarkably in the following year.

In value terms, nucleic acid imports shrank to $X in 2021. Over the period under review, imports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2019 when imports increased by 42%. Over the period under review, imports reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

India (X tons), Ireland (X tons) and the Netherlands (X tons) were the main suppliers of nucleic acid imports to Greece, together accounting for 61% of total imports. These countries were followed by Spain, Germany, Malta, Taiwan (Chinese), China, Belgium and Cyprus, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +48.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), India ($X) and Germany ($X) constituted the largest nucleic acid suppliers to Greece, together comprising 63% of total imports. Spain, China, the Netherlands, Cyprus, Malta, Taiwan (Chinese) and Belgium lagged somewhat behind, together comprising a further 31%.

Spain, with a CAGR of +37.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, rising by 68% against the previous year. Over the period under review, the import price posted a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Cyprus ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+64.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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