Northern America: Nucleic Acid Market 2024

Nucleic Acid Market Size in Northern America

After two years of growth, the North American nucleic acid market decreased by -14.8% to $X in 2021. In general, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Nucleic Acid Production in Northern America

In value terms, nucleic acid production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a notable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,020% against the previous year. The level of production peaked at $X in 2020, and then reduced remarkably in the following year.

Nucleic Acid Exports

Exports in Northern America

Nucleic acid exports was estimated at X tons in 2021, standing approx. at the previous year's figure. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 18%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports soared to $X in 2021. In general, exports, however, continue to indicate a slight curtailment. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, finishing at X tons, which was near 98% of total exports in 2021. Canada (X tons) took a relatively small share of total exports.

The United States was also the fastest-growing in terms of the nucleic acids and their salts exports, with a CAGR of +3.7% from 2012 to 2021. Canada (-20.4%) illustrated a downward trend over the same period. The United States (+17 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -16.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest nucleic acid supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.3% share of total exports.

In the United States, nucleic acid exports decreased by an average annual rate of -2.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 48% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+26.5%).

Nucleic Acid Imports

Imports in Northern America

In 2021, the amount of nucleic acids and their salts imported in Northern America soared to X tons, picking up by 28% against the previous year. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid imports declined to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 +72.2% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 51%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), comprising an 8.7% share of total imports.

The United States was also the fastest-growing in terms of the nucleic acids and their salts imports, with a CAGR of +4.8% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +3.2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported nucleic acids and their salts in Northern America, comprising 93% of total imports. The second position in the ranking was held by Canada ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +2.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, dropping by -27.5% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2020 when the import price increased by 60% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.1%).

Source: IndexBox Platform

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