United Kingdom: Nucleic Acid Market 2024

Nucleic Acid Market Size in the UK

The UK nucleic acid market skyrocketed to $X in 2021, increasing by 19% against the previous year. In general, consumption saw a prominent increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Nucleic Acid Production in the UK

In value terms, nucleic acid production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 415% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Nucleic Acid Exports

Exports from the UK

In 2021, exports of nucleic acids and their salts from the UK dropped dramatically to X tons, with a decrease of -61.8% against 2020. In general, exports, however, posted moderate growth. The growth pace was the most rapid in 2020 when exports increased by 160%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, nucleic acid exports dropped dramatically to $X in 2021. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 223%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for nucleic acid exports from the UK, accounting for a 30% share of total exports. Moreover, nucleic acid exports to Hungary exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+23.5% per year) and Turkey (+32.5% per year).

In value terms, the United States ($X) remains the key foreign market for nucleic acids and their salts exports from the UK, comprising 42% of total exports. The second position in the ranking was held by Hungary ($X), with a 9.4% share of total exports. It was followed by Ireland, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+36.5% per year) and Ireland (+40.4% per year).

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, rising by 9.3% against the previous year. In general, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 107%. The export price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the average price for exports to Austria ($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 Ireland (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into the UK

Nucleic acid imports into the UK rose modestly to X tons in 2021, growing by 1.7% on the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 22% 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 reached $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), India (X tons) and China (X tons) were the main suppliers of nucleic acid imports to the UK, with a combined 51% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of nucleic acids and their salts to the UK, comprising 27% of total imports. The second position in the ranking was held by Ireland ($X), with a 13% share of total imports. It was followed by Switzerland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-15.1% per year) and Switzerland (+3.7% per year).

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2020 an increase of 28% 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.

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 Ireland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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