India: Nucleic Acid Market 2024

Nucleic Acid Market Size in India

The Indian nucleic acid market rose markedly to $X in 2021, picking up by 5.1% against the previous year. Overall, consumption enjoyed a remarkable increase. Nucleic acid consumption peaked in 2021 and is expected to retain growth in years to come.

Nucleic Acid Production in India

In value terms, nucleic acid production declined modestly to $X in 2021 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 72%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Nucleic Acid Exports

Exports from India

In 2021, approx. X tons of nucleic acids and their salts were exported from India; with an increase of 39% compared with the previous year. In general, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 72%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, nucleic acid exports expanded remarkably to $X in 2021. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 169% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Japan (X tons) and the UK (X tons) were the main destinations of nucleic acid exports from India, with a combined 49% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +59.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nucleic acid exported from India were Japan ($X), China ($X) and Germany ($X), together accounting for 34% of total exports.

China, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, declining by -20.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. The export price peaked at $X per ton in 2020, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the UK ($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 Germany (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into India

In 2021, the amount of nucleic acids and their salts imported into India surged to X tons, growing by 31% on the year before. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, nucleic acid imports skyrocketed to $X in 2021. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest nucleic acid supplier to India, with a 66% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+33.6% per year) and the United States (+46.5% per year).

In value terms, China ($X) constituted the largest supplier of nucleic acids and their salts to India, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+48.3% per year) and the Netherlands (+87.3% per year).

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, with an increase of 19% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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