Sweden: Nucleic Acid Market 2024

Nucleic Acid Market Size in Sweden

In 2021, the Swedish nucleic acid market increased by 5.3% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Nucleic Acid Production in Sweden

In value terms, nucleic acid production dropped modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.5% against 2014 indices. The pace of growth appeared the most rapid in 2015 with an increase of 34% against the previous year. Nucleic acid production peaked at $X in 2020, and then fell in the following year.

Nucleic Acid Exports

Exports from Sweden

In 2021, approx. X tons of nucleic acids and their salts were exported from Sweden; reducing by -10.4% on the previous year's figure. Overall, exports, however, showed a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of 146%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, nucleic acid exports reduced remarkably to $X in 2021. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 168% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons), Belgium (X tons) and Denmark (X tons) were the main destinations of nucleic acid exports from Sweden, together accounting for 79% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +110.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nucleic acid exported from Sweden were Austria ($X), Belgium ($X) and Germany ($X), with a combined 91% share of total exports.

Austria, with a CAGR of +152.5%, 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

The average nucleic acid export price stood at $X per ton in 2021, waning by -5.8% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 105% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 Denmark (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Sweden

In 2021, overseas purchases of nucleic acids and their salts increased by 8.7% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 47% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, nucleic acid imports shrank to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 335%. Over the period under review, imports hit record highs at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of nucleic acid to Sweden, accounting for a 66% share of total imports. Moreover, nucleic acid imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.1% per year) and the Netherlands (+11.6% per year).

In value terms, Switzerland ($X), Germany ($X) and China ($X) appeared to be the largest nucleic acid suppliers to Sweden, together comprising 69% of total imports.

China, with a CAGR of +50.3%, saw the highest rates of growth with regard to 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, with a decrease of -17.1% against the previous year. In general, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 292%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($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 (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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