Report Update Nov 1, 2024

Vietnam - Nucleic Acids and Their Salts - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Nucleic Acid Market 2024

Nucleic Acid Market Size in Vietnam

In 2021, the Vietnamese nucleic acid market increased by 34% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Nucleic Acid Exports

Exports from Vietnam

Nucleic acid exports from Vietnam fell slightly to X tons in 2021, with a decrease of -2% compared with 2020 figures. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 390% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, nucleic acid exports reduced rapidly to $X in 2021. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 348% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main destinations of nucleic acid exports from Vietnam, together accounting for 82% of total exports. Singapore and Thailand lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and China ($X) were the largest markets for nucleic acid exported from Vietnam worldwide, together accounting for 76% of total exports.

China, with a CAGR of +26.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average nucleic acid export price amounted to $X per ton, which is down by -18.9% against the previous year. Over the period under review, the export price continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2018 an increase of 216% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 China ($X per ton), while the average price for exports to Singapore ($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 Indonesia (+79.3%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Vietnam

In 2021, supplies from abroad of nucleic acids and their salts increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 77%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, nucleic acid imports soared to $X in 2021. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 130% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to Vietnam, accounting for a 76% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.5% per year) and South Korea (+4.8% per year).

In value terms, the largest nucleic acid suppliers to Vietnam were China ($X), Indonesia ($X) and Thailand ($X), together comprising 69% of total imports.

In terms of the main suppliers, China, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, 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, jumping by 23% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 30%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nucleic acids and their salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 38% of global consumption. These countries were followed by Italy, France, Brazil, Ireland, Germany, Japan, South Korea, Indonesia, Russia and the UK, which together accounted for a further 38%.

What are the largest producers of nucleic acids and their salts in the world?

The country with the largest volume of nucleic acids production was China, comprising approx. 42% of total volume. Moreover, nucleic acids production in China exceeded the figures recorded by the second-largest producer, Germany, fivefold. The third position in this ranking was occupied by Belgium, with a 6.9% share.

What are the leading suppliers of nucleic acids and their salts to Vietnam?

In value terms, China constituted the largest supplier of nucleic acids to Vietnam, comprising 38% of total imports. The second position in the ranking was occupied by Indonesia, with a 19% share of total imports. It was followed by South Korea, with a 0.9% share.

What are the leading importers of nucleic acids and their salts from Vietnam?

In value terms, the United States, Indonesia and Singapore appeared to be the largest markets for nucleic acids exported from Vietnam worldwide, with a combined 58% share of total exports. India, China, Myanmar and Malaysia lagged somewhat behind, together comprising a further 15%.

What is the average export price for nucleic acids and their salts in Vietnam?

In 2021, the average nucleic acids export price amounted to $7,559 per ton, flattening at the previous year.

What is the average import price for nucleic acids and their salts in Vietnam?

The average nucleic acids import price stood at $9,438 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the nucleic acid market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20145290 - Compounds containing in the structure an unfused pyridine ring or a quinoline or isoquinoline ring-system, not further fused, lactames, other heterocyclic compounds with nitrogen hetero-atom(s) only (excluding compounds containing in the structure an unfused pyrazole ring, an unfused imidazole ring, a pyrimidine ring, a piperazine ring or an unfused triazine ring) N ucleic acids and other heterocyclic compounds - thiazole, b enzothiazole, other cycles

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023