Mexico: Nucleic Acid Market 2024

Nucleic Acid Market Size in Mexico

The Mexican nucleic acid market surged to $X in 2021, picking up by 15% against the previous year. Over the period under review, consumption enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Nucleic Acid Production in Mexico

In value terms, nucleic acid production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 178%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Nucleic Acid Exports

Exports from Mexico

In 2021, shipments abroad of nucleic acids and their salts decreased by -85.1% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, exports showed a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 1,073%. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, nucleic acid exports reduced markedly to $X in 2021. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 1,401% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for nucleic acid exports from Mexico, with a 67% share of total exports. Moreover, nucleic acid exports to the United States exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was held by Chile (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-7.1% per year) and Chile (+3.3% per year).

In value terms, the United States ($X) remains the key foreign market for nucleic acids and their salts exports from Mexico, comprising 68% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports. It was followed by Spain, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-13.8% per year) and Spain (-4.6% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, picking up by 2.8% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood 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 Spain ($X per ton), while the average price for exports to Chile ($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 Italy (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.

Nucleic Acid Imports

Imports into Mexico

In 2021, purchases abroad of nucleic acids and their salts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid imports rose significantly to $X in 2021. Over the period under review, imports, however, faced a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by 74%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest nucleic acid supplier to Mexico, accounting for a 77% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.5% per year) and Germany (-2.9% per year).

In value terms, China ($X) constituted the largest supplier of nucleic acids and their salts to Mexico, comprising 65% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.2% per year) and Germany (+3.7% per year).

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, declining by -30.1% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 52% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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