MERCOSUR: Nucleic Acid Market 2024

Nucleic Acid Market Size in MERCOSUR

In 2022, the MERCOSUR nucleic acid market increased by 29% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Nucleic Acid Production in MERCOSUR

In value terms, nucleic acid production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a deep slump. The growth pace was the most rapid in 2013 with an increase of 92%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Nucleic Acid Exports

Exports in MERCOSUR

In 2022, approx. X tons of nucleic acids and their salts were exported in MERCOSUR; falling by -32.6% against 2021 figures. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 37%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nucleic acid exports reduced remarkably to $X in 2022. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the largest exporter of nucleic acids and their salts in MERCOSUR, with the volume of exports accounting for X tons, which was near 58% of total exports in 2022. Colombia (X tons) held the second position in the ranking, followed by Argentina (X tons), Uruguay (X tons) and Chile (X tons). All these countries together held near 37% share of total exports. Peru (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nucleic acid exports from Brazil stood at -21.5%. At the same time, Uruguay (+24.5%), Peru (+11.7%), Chile (+10.1%) and Argentina (+1.5%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +24.5% from 2012-2022. Colombia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Colombia, Uruguay, Argentina, Chile and Peru increased by +9.4, +8.9, +8, +6.7 and +4.2 percentage points, respectively.

In value terms, Argentina ($X), Brazil ($X) and Colombia ($X) were the countries with the highest levels of exports in 2022, together comprising 96% of total exports.

Among the main exporting countries, Argentina, with a CAGR of +8.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, approximately mirroring the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nucleic acid export price increased by +48.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 46% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Nucleic Acid Imports

Imports in MERCOSUR

In 2022, purchases abroad of nucleic acids and their salts increased by 39% to X tons, rising for the seventh year in a row after two years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid imports surged to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil dominates imports structure, amounting to X tons, which was near 83% of total imports in 2022. It was distantly followed by Argentina (X tons), constituting a 7.8% share of total imports. Colombia (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the nucleic acids and their salts imports, with a CAGR of +8.2% from 2012 to 2022. At the same time, Argentina (+6.4%) and Colombia (+5.1%) displayed positive paces of growth. Brazil (+8.2 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported nucleic acids and their salts in MERCOSUR, comprising 79% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +10.2%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+7.8% per year) and Colombia (+2.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform