Puerto Rico: Nucleic Acid Market 2024

Nucleic Acid Market Size in Puerto Rico

The Puerto Rican nucleic acid market dropped to $X in 2021, declining by -9.2% against the previous year. In general, consumption continues to indicate a perceptible downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Nucleic Acid Production in Puerto Rico

In value terms, nucleic acid production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 60%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Nucleic Acid Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of nucleic acids and their salts were exported from Puerto Rico; flattening at 2020. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, nucleic acid exports stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China represented the largest exporter of nucleic acids and their salts in the world, with the volume of exports reaching X tons, which was near 44% of total exports in 2021. Belgium (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Germany (9.9%) and Japan (4.8%). The United States (X tons), Spain (X tons), Switzerland (X tons), the Netherlands (X tons), Indonesia (X tons), India (X tons), the UK (X tons), Slovakia (X tons) and France (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to nucleic acid exports from China stood at +3.8%. At the same time, India (+13.7%), the Netherlands (+12.7%), Belgium (+12.7%), Japan (+10.7%), Spain (+5.2%), Switzerland (+4.7%), the United States (+3.7%), Indonesia (+2.5%), the UK (+2.3%) and Germany (+1.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.7% from 2012-2021. Slovakia and France experienced a relatively flat trend pattern. From 2012 to 2021, the share of Belgium, Japan, the Netherlands and China increased by +7.1, +2.2, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Switzerland ($X) were the countries with the highest levels of exports in 2021, together accounting for 33% of total exports. The United States, Japan, Belgium, India, the Netherlands, the UK, Spain, France, Indonesia and Slovakia lagged somewhat behind, together accounting for a further 30%.

India, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the other leaders experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Puerto Rico

Nucleic acid imports into Puerto Rico was estimated at less than X kg in 2021, approximately equating 2020 figures. In general, imports saw a relatively flat trend pattern.

In value terms, nucleic acid imports stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by India (X tons) and Brazil (X tons) represented the key importers of nucleic acids and their salts, together comprising 31% of total imports. China (X tons), Japan (X tons), Romania (X tons), Germany (X tons), Italy (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons), Thailand (X tons) and Russia (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Romania (+52.0%), India (+18.4%), China (+13.6%), the Netherlands (+12.0%), Russia (+7.3%), Belgium (+6.8%), Thailand (+6.0%), Brazil (+4.3%), France (+2.7%), Germany (+2.2%) and Italy (+1.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +52.0% from 2012-2021. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. While the share of India (+5.2 p.p.), Romania (+3.9 p.p.) and China (+2.3 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), the United States ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 63% share of total imports.

Belgium, with a CAGR of +33.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. In general, the import price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+25.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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