Israel: Nucleic Acid Market 2024

Nucleic Acid Market Size in Israel

The Israeli nucleic acid market contracted dramatically to $X in 2021, with a decrease of -36.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. Nucleic acid consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Nucleic Acid Production in Israel

In value terms, nucleic acid production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 55%. As a result, production attained the peak level of $X, and then reduced dramatically in the following year.

Nucleic Acid Exports

Exports from Israel

Nucleic acid exports from Israel soared to X tons in 2021, rising by 77% against the previous year's figure. In general, exports, however, saw a abrupt setback. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports soared to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for nucleic acid exports from Israel, with a 50% share of total exports. Moreover, nucleic acid exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-22.8% per year) and the Netherlands (-6.4% per year).

In value terms, the largest markets for nucleic acid exported from Israel were Hungary ($X), the United States ($X) and the Netherlands ($X), with a combined 50% share of total exports. These countries were followed by Turkey, Brazil, South Africa, Malta, China, India, Canada and Japan, which together accounted for a further 16%.

Malta, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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, with an increase of 4.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 117% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Brazil ($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 Canada (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Israel

In 2021, approx. X tons of nucleic acids and their salts were imported into Israel; which is down by -52% on the previous year. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nucleic acid imports dropped remarkably to $X in 2021. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 54%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Israel, accounting for a 50% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Croatia (X tons), threefold. The third position in this ranking was taken by Switzerland (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+58.1% per year) and Switzerland (-2.2% per year).

In value terms, China ($X) constituted the largest supplier of nucleic acids and their salts to Israel, comprising 31% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-18.6% per year) and the United States (+2.3% per year).

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, growing by 38% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 118% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 India ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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