Ireland: Nucleic Acid Market 2024

Nucleic Acid Market Size in Ireland

In 2021, the Irish nucleic acid market decreased by -23.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, posted a strong expansion. Nucleic acid consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Nucleic Acid Production in Ireland

In value terms, nucleic acid production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a prominent increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Nucleic Acid Exports

Exports from Ireland

In 2021, shipments abroad of nucleic acids and their salts was finally on the rise to reach X tons after eight years of decline. Overall, exports, however, recorded a precipitous contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, nucleic acid exports contracted rapidly to $X in 2021. In general, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Belgium (X tons), the United States (X tons) and Greece (X tons) were the main destinations of nucleic acid exports from Ireland.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +68.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for nucleic acids and their salts exports from Ireland, comprising 65% of total exports. The second position in the ranking was taken by Greece ($X), with a 12% share of total exports. It was followed by Italy, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+67.3% per year) and Italy (+13.2% per year).

Export Prices by Country

The average nucleic acid export price stood at $X per kg in 2021, shrinking by -23.9% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 348% against the previous year. As a result, the export price reached the peak level of $X per kg, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Belgium ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.

Nucleic Acid Imports

Imports into Ireland

Nucleic acid imports into Ireland dropped to X tons in 2021, with a decrease of -10.5% against the previous year's figure. Overall, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 75%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, nucleic acid imports dropped to $X in 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of nucleic acid to Ireland, with a 42% share of total imports. Moreover, nucleic acid imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.4% per year) and Belgium (+106.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of nucleic acids and their salts to Ireland, comprising 38% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +153.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.6% per year) and China (+27.9% per year).

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, showed a deep slump. The growth pace was the most rapid in 2020 when the average import price increased by 101% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($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 (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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