Italy: Nucleic Acid Market 2024

Nucleic Acid Market Size in Italy

The Italian nucleic acid market declined remarkably to $X in 2021, shrinking by -15.2% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.8% against 2019 indices. Nucleic acid consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Nucleic Acid Production in Italy

In value terms, nucleic acid production soared to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 81%. Nucleic acid production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Nucleic Acid Exports

Exports from Italy

In 2021, after three years of decline, there was significant growth in shipments abroad of nucleic acids and their salts, when their volume increased by 43% to X tons. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +1.0% 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 2016 when exports increased by 21%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of nucleic acid exports from Italy, with a combined 42% share of total exports. Austria, the United States, Switzerland, Japan, Taiwan (Chinese), China, the Netherlands, Brazil, South Korea and Turkey lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and the United States ($X) were the largest markets for nucleic acid exported from Italy worldwide, with a combined 44% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +22.2%, saw the highest growth rate of the value of exports, 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, shrinking by -23.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Brazil (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Italy

After two years of decline, supplies from abroad of nucleic acids and their salts increased by 14% to X tons in 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, nucleic acid imports surged to $X in 2021. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 38%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Italy, accounting for a 54% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.1% per year) and Germany (-1.7% per year).

In value terms, Belgium ($X), China ($X) and Ireland ($X) appeared to be the largest nucleic acid suppliers to Italy, with a combined 57% share of total imports.

Belgium, with a CAGR of +19.6%, saw 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, increasing by 8.8% against the previous year. Over the period under review, the import price showed a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 42% against the previous year. The import price peaked in 2021 and is expected to retain 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 Belgium ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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