Latvia: Nucleic Acids Market 2025

Nucleic Acids Market Size in Latvia

The Latvian nucleic acids market rose modestly to $X in 2022, growing by 3.6% against the previous year. Over the period under review, consumption, however, showed a slight reduction. Nucleic acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nucleic Acids Production in Latvia

In value terms, nucleic acids production rose to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 34%. Nucleic acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nucleic Acids Exports

Exports from Latvia

In 2022, approx. X tons of nucleic acids and their salts were exported from Latvia; picking up by 46% against the year before. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 488% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, nucleic acids exports fell rapidly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 138% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

The UK (X kg), Finland (X kg) and Russia (X kg) were the main destinations of nucleic acids exports from Latvia, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +118.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the UK ($X) and Russia ($X) constituted the largest markets for nucleic acids exported from Latvia worldwide, together accounting for 53% of total exports.

The UK, with a CAGR of +116.6%, saw the highest growth rate of 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

The average nucleic acids export price stood at $X per ton in 2022, reducing by -55.7% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 301% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+167.0%), while the prices for the other major destinations experienced mixed trend patterns.

Nucleic Acids Imports

Imports into Latvia

Nucleic acids imports into Latvia contracted to X tons in 2022, waning by -5% against the year before. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of 135%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, nucleic acids imports surged to $X in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of 214% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest nucleic acids supplier to Latvia, with a 42% share of total imports. Moreover, nucleic acids imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to +217.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+36.1% per year) and Belgium (+21.1% per year).

In value terms, Ukraine ($X) constituted the largest supplier of nucleic acids and their salts to Latvia, comprising 79% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 4.6% share of total imports. It was followed by China, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine totaled +237.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+58.2% per year) and China (+31.6% per year).

Import Prices by Country

The average nucleic acids import price stood at $X per ton in 2022, surging by 38% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform