New Zealand: Nucleic Acid Market 2024

Nucleic Acid Market Size in New Zealand

The New Zealand nucleic acid market reduced to $X in 2021, with a decrease of -5.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% 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 +103.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Nucleic Acid Exports

Exports from New Zealand

In 2021, shipments abroad of nucleic acids and their salts decreased by -48.1% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 444% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, nucleic acid exports declined sharply to $X in 2021. Overall, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 264%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for nucleic acid exports from New Zealand, accounting for a 96% share of total exports. It was followed by Singapore (X kg), with a 1.7% share of total exports. The third position in this ranking was taken by Canada (X kg), with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-27.8% per year) and Canada (-16.1% per year).

In value terms, Australia ($X) emerged as the key foreign market for nucleic acids and their salts exports from New Zealand, comprising 86% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.7% share of total exports. It was followed by Canada, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+9.0% per year) and Canada (+3.5% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, falling by -62.3% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 637%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 Singapore (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into New Zealand

In 2021, the amount of nucleic acids and their salts imported into New Zealand fell to X tons, declining by -10% on 2020 figures. Overall, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 74% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, nucleic acid imports dropped to $X in 2021. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 109%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), the United States (X tons) and Hungary (X tons) were the main suppliers of nucleic acid imports to New Zealand, together accounting for 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +156.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest nucleic acid suppliers to New Zealand, with a combined 90% share of total imports. These countries were followed by India, Japan, Hungary, Singapore, Indonesia and Australia, which together accounted for a further 7.6%.

Hungary, with a CAGR of +133.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, surging by 4.3% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 54%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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