South Africa: Nucleic Acid Market 2024

Nucleic Acid Market Size in South Africa

The South African nucleic acid market reduced to $X in 2021, shrinking by -4.8% against the previous year. Overall, consumption saw a strong increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Nucleic Acid Production in South Africa

In value terms, nucleic acid production contracted markedly to $X in 2021 estimated in export price. In general, production, however, recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 60%. Over the period under review, production reached the peak level at $X in 2020, and then contracted remarkably in the following year.

Nucleic Acid Exports

Exports from South Africa

In 2021, exports of nucleic acids and their salts from South Africa fell sharply to X tons, which is down by -21.1% compared with the previous year's figure. Overall, exports saw a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of 220% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, nucleic acid exports contracted rapidly to $X in 2021. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 379%. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for nucleic acid exports from South Africa, with a 54% share of total exports. Moreover, nucleic acid exports to the Netherlands exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was taken by India (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+94.8% per year) and India (+32.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for nucleic acids and their salts exports from South Africa, comprising 85% of total exports. The second position in the ranking was held by Turkey ($X), with a 6.5% share of total exports. It was followed by the UK, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+275.7% per year) and the UK (+49.2% per year).

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 Turkey (+92.9%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into South Africa

Nucleic acid imports into South Africa surged to X tons in 2021, with an increase of 23% on the previous year. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, nucleic acid imports rose to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.4% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to South Africa, accounting for a 62% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.8% per year) and the United States (+23.0% per year).

In value terms, the largest nucleic acid suppliers to South Africa were China ($X), India ($X) and the United States ($X), with a combined 88% share of total imports.

The United States, with a CAGR of +36.3%, saw 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

In 2021, the average nucleic acid import price amounted to $X per ton, with a decrease of -15.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2020, and then contracted dramatically in the following year.

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 India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :