Ukraine: Nucleic Acid Market 2024

Nucleic Acid Market Size in Ukraine

The Ukrainian nucleic acid market soared to $X in 2021, increasing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +45.6% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nucleic Acid Exports

Exports from Ukraine

In 2021, overseas shipments of nucleic acids and their salts increased by 38% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 208% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, nucleic acid exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 143%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons), the United States (X tons) and Hungary (X tons) were the main destinations of nucleic acid exports from Ukraine, together accounting for 60% 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 Japan (with a CAGR of +164.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for nucleic acids and their salts exports from Ukraine, comprising 49% of total exports. The second position in the ranking was held by Latvia ($X), with a 14% share of total exports. It was followed by India, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +60.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+204.8% per year) and India (+84.7% per year).

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, rising by 41% against the previous year. Over the period under review, the export price posted a strong expansion. The growth pace was the most rapid in 2018 an increase of 188% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Hungary ($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 Belarus (+50.5%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Ukraine

Nucleic acid imports into Ukraine surged to X tons in 2021, with an increase of 34% on the previous year's figure. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 +62.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, nucleic acid imports soared to $X in 2021. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 73% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest nucleic acid supplier to Ukraine, with a 83% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was held by India (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.7% per year) and India (+8.6% per year).

In value terms, the largest nucleic acid suppliers to Ukraine were China ($X), Italy ($X) and India ($X), with a combined 80% share of total imports.

Italy, with a CAGR of +29.7%, 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

The average nucleic acid import price stood at $X per ton in 2021, rising by 7.1% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 45%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 India ($X per ton), while the price for Slovakia ($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 (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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