Hungary: Nucleic Acid Market 2024

Nucleic Acid Market Size in Hungary

In 2021, the Hungarian nucleic acid market decreased by -13.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate strong growth. Nucleic acid consumption peaked at $X in 2020, and then fell in the following year.

Nucleic Acid Production in Hungary

In value terms, nucleic acid production reached $X in 2021 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. Nucleic acid production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Nucleic Acid Exports

Exports from Hungary

Nucleic acid exports from Hungary fell to X tons in 2021, which is down by -7.8% on the year before. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, nucleic acid exports stood at $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.6% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 43%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons), China (X tons) and Japan (X tons) were the main destinations of nucleic acid exports from Hungary, together accounting for 59% of total exports. These countries were followed by Poland, Germany, Brazil, France, Estonia and Russia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +209.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for nucleic acids and their salts exports from Hungary, comprising 27% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +184.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.0% per year) and France (-17.8% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, with an increase of 8.7% against the previous year. In general, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 32%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Netherlands (+1.4%), while the prices for the other major destinations experienced a decline.

Nucleic Acid Imports

Imports into Hungary

In 2021, overseas purchases of nucleic acids and their salts decreased by -13% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 96% against the previous year. As a result, imports attained 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 fell markedly to $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 71%. Imports peaked at $X in 2020, and then contracted significantly in the following year.

Imports by Country

China (X tons), the UK (X tons) and Switzerland (X tons) were the main suppliers of nucleic acid imports to Hungary, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +137.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of nucleic acids and their salts to Hungary, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and Belgium (+101.7% per year).

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, declining by -3.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 73% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Slovakia ($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 UK (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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