Middle East: Nucleic Acid Market 2024

Nucleic Acid Market Size in the Middle East

The Middle Eastern nucleic acid market reduced to $X in 2021, shrinking by -6.4% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +104.0% against 2013 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Nucleic Acid Production in the Middle East

In value terms, nucleic acid production shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of 181% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Nucleic Acid Exports

Exports in the Middle East

In 2021, the amount of nucleic acids and their salts exported in the Middle East soared to X tons, growing by 81% against the previous year. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports surged to $X in 2021. Overall, exports, however, saw a abrupt downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons) was the major exporter of nucleic acids and their salts, committing 52% of total exports. Israel (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together took near 47% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +25.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X) remains the largest nucleic acid supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled -15.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-20.5% per year) and Turkey (+8.8% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2015 when the export price increased by 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Nucleic Acid Imports

Imports in the Middle East

In 2021, approx. X tons of nucleic acids and their salts were imported in the Middle East; standing approx. at the previous year. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nucleic acid imports fell to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 56% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, Turkey (X tons) was the main importer of nucleic acids and their salts, mixing up 62% of total imports. Israel (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (8.9%) and Iran (7.8%). Saudi Arabia (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to nucleic acid imports into Turkey stood at +11.6%. At the same time, the United Arab Emirates (+20.6%) and Jordan (+7.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +20.6% from 2012-2021. By contrast, Saudi Arabia (-6.4%), Israel (-8.3%) and Iran (-10.9%) illustrated a downward trend over the same period. Turkey (+34 p.p.) and the United Arab Emirates (+6.9 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia, Israel and Iran saw its share reduced by -4.3%, -18.6% and -19% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported nucleic acids and their salts in the Middle East, comprising 59% of total imports. The second position in the ranking was held by Israel ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

In Turkey, nucleic acid imports increased at an average annual rate of +10.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (-9.0% per year) and the United Arab Emirates (+28.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 25%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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