Slovakia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Slovakia

The Slovak nucleic acid market rose notably to $X in 2021, with an increase of 12% against the previous year. In general, consumption showed temperate growth. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Nucleic Acid Production in Slovakia

In value terms, nucleic acid production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 49%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Nucleic Acid Exports

Exports from Slovakia

In 2021, after three years of decline, there was significant growth in overseas shipments of nucleic acids and their salts, when their volume increased by 50% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, nucleic acid exports skyrocketed to $X in 2021. In general, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Russia (X tons) and Germany (X tons) were the main destinations of nucleic acid exports from Slovakia, together comprising 46% of total exports. Luxembourg, Poland, Hungary, Romania, Italy, Brazil, Estonia and Latvia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +73.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nucleic acid exported from Slovakia were Russia ($X), the Czech Republic ($X) and Germany ($X), together accounting for 48% of total exports. Luxembourg, Poland, Hungary, Romania, Italy, Brazil, Estonia and Latvia lagged somewhat behind, together accounting for a further 37%.

Brazil, with a CAGR of +68.3%, recorded the highest rates of growth with regard to 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, picking up by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Brazil ($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 Latvia (+78.0%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Slovakia

In 2021, nucleic acid imports into Slovakia surged to X tons, rising by 30% against 2020 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 216% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, nucleic acid imports soared to $X in 2021. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 183% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Belgium (X tons), Spain (X tons) and China (X tons) were the main suppliers of nucleic acid imports to Slovakia, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +94.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and China ($X) were the largest nucleic acid suppliers to Slovakia, together accounting for 80% of total imports.

Spain, with a CAGR of +81.1%, recorded 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 6.7% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Romania ($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 (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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