Scandinavia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Scandinavia

The Scandinavia nucleic acid market dropped significantly to $X in 2022, which is down by -72.5% against the previous year. In general, consumption, however, enjoyed slight growth. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Nucleic Acid Production in Scandinavia

In value terms, nucleic acid production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 10% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Nucleic Acid Exports

Exports in Scandinavia

In 2022, shipments abroad of nucleic acids and their salts increased by 26% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, nucleic acid exports expanded notably to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 64% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Finland prevails in exports structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Sweden (X tons), constituting a 6.8% share of total exports. Denmark (X tons) held a minor share of total exports.

Finland was also the fastest-growing in terms of the nucleic acids and their salts exports, with a CAGR of +5.4% from 2012 to 2022. At the same time, Sweden (+4.7%) displayed positive paces of growth. By contrast, Denmark (-14.3%) illustrated a downward trend over the same period. While the share of Finland (+18 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Denmark (-18.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X), Sweden ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2022, together comprising 100% of total exports.

Among the main exporting countries, Sweden, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, shrinking by -15.9% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nucleic acid export price decreased by -43.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 55%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.9%), while the other leaders experienced mixed trends in the export price figures.

Nucleic Acid Imports

Imports in Scandinavia

In 2022, after five years of growth, there was significant decline in supplies from abroad of nucleic acids and their salts, when their volume decreased by -74.2% to X tons. Overall, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 41%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, nucleic acid imports dropped significantly to $X in 2022. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 31%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Finland (X tons) and Sweden (X tons) were the key importers of nucleic acids and their salts in 2022, amounting to near 39% and 27% of total imports, respectively. Denmark (X tons) held the next position in the ranking, followed by Norway (X tons). All these countries together held near 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +5.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 86% of total imports.

Sweden, with a CAGR of +1.4%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, jumping by 154% against the previous year. Overall, the import price, however, recorded a abrupt descent. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform