Latvia: Nucleic Acids Market 2020

Nucleic Acids Market Size in Latvia

The revenue of the nucleic acids market in Latvia amounted to $X in 2018, coming down by -X% against the previous year. Over the period under review, nucleic acids consumption continues to indicate a slight downturn. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the nucleic acids market reached its maximum level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Nucleic Acids Production in Latvia

In value terms, nucleic acids production stood at $X in 2018 estimated in export prices. Overall, nucleic acids production continues to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2009 when production volume increased by X% against the previous year. Over the period under review, nucleic acids production attained its maximum level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Nucleic Acids Exports

Exports from Latvia

In 2018, approx. X tons of nucleic acids and their salts were exported from Latvia; lowering by -X% against the previous year. In general, nucleic acids exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Latvia exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, nucleic acids exports amounted to $X in 2018. Over the period under review, nucleic acids exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. In that year, nucleic acids exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

China was the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Germany (X tons), Ireland (X tons), Belgium (X tons) and France (X tons), together achieving a X% share of total exports. Spain (X tons), the U.S. (X tons), Japan (X tons), Switzerland (X tons), Indonesia (X tons), Slovakia (X tons) and the UK (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Spain (+X%), France (+X%), Indonesia (+X%), Switzerland (+X%), the U.S. (+X%), Japan (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, Belgium (-X%), Germany (-X%) and Ireland (-X%) illustrated a downward trend over the same period. China (+X p.p.), France (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the global exports, while Ireland and Germany saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ireland ($X), China ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

Among the main exporting countries, China experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the nucleic acids export price in Latvia amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price indicated moderate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nucleic acids export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2009 when the export price increased by X% against the previous year. Latvia export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Nucleic Acids Imports

Imports into Latvia

In 2018, the amount of nucleic acids and their salts imported into Latvia stood at X tons, rising by X% against the previous year. In general, nucleic acids imports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Latvia imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, nucleic acids imports amounted to $X in 2018. Over the period under review, nucleic acids imports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, nucleic acids imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Belgium (X tons), Japan (X tons), Ireland (X tons), India (X tons) and Germany (X tons) were the largest importers of nucleic acids and their salts, together achieving X% of total imports. Indonesia (X tons), France (X tons), Brazil (X tons), Italy (X tons), Russia (X tons) and China (X tons) held a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ireland (+X%), India (+X%), Indonesia (+X%), Russia (+X%), France (+X%), China (+X%), Belgium (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Brazil and Japan experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Ireland, India, Indonesia, Belgium, France, Russia and China increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported nucleic acids and their salts into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., nucleic acids imports decreased by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Germany (-X% per year).

Import Prices by Country

The nucleic acids import price in Latvia stood at $X per ton in 2018, declining by -X% against the previous year. Overall, the nucleic acids import price, however, continues to indicate slight growth. The growth pace was the most rapid in 2008 when the import price increased by X% y-o-y. Latvia import price peaked at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform