Russian Federation: Nucleic Acid Market 2024

Nucleic Acid Market Size in the Russian Federation

The Russian nucleic acid market skyrocketed to $X in 2021, with an increase of 29% 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, consumption recorded resilient growth. Nucleic acid consumption peaked in 2021 and is expected to retain growth in the immediate term.

Nucleic Acid Exports

Exports from the Russian Federation

In 2021, approx. X tons of nucleic acids and their salts were exported from Russia; with a decrease of -6.8% against 2020. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 282%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, nucleic acid exports fell notably to $X in 2021. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 277%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for nucleic acid exports from Russia, accounting for a 51% share of total exports. Moreover, nucleic acid exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+74.6% per year) and Ukraine (+36.7% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) constituted the largest markets for nucleic acid exported from Russia worldwide, together comprising 72% of total exports.

Kazakhstan, with a CAGR of +77.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, reducing by -9.7% against the previous year. Overall, the export price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 271%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Uzbekistan ($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 China (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into the Russian Federation

In 2021, after two years of decline, there was significant growth in purchases abroad of nucleic acids and their salts, when their volume increased by 17% to X tons. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, nucleic acid imports soared to $X in 2021. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 72% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Russia, with a 44% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Slovakia (-0.9% per year).

In value terms, the largest nucleic acid suppliers to Russia were China ($X), Italy ($X) and India ($X), with a combined 43% share of total imports. Belgium, Germany, Slovakia, Spain and the United States lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Belgium, with a CAGR of +41.7%, recorded the highest growth rate of the value of imports, 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 12% against the previous year. In general, the import price saw resilient growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 48%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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 Italy ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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