Global Nucleic Acid Market 2024

Nucleic Acid Market Size

After two years of growth, the global nucleic acid market decreased by -14.1% to $X in 2021. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.8% against 2017 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Nucleic Acid Production

In value terms, nucleic acid production expanded slightly to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 +37.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, global production hit record highs in 2021 and is likely to see gradual growth in the near future.

Nucleic Acid Exports

Exports

In 2021, the amount of nucleic acids and their salts exported worldwide expanded markedly to X tons, surging by 11% against 2020. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 17%. The global exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, nucleic acid exports amounted to $X in 2021. Over the period under review, total exports indicated a moderate increase 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, exports increased by +63.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, the global exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

China was the major exporter of nucleic acids and their salts in the world, with the volume of exports reaching X tons, which was near 44% of total exports in 2021. It was distantly followed by Belgium (X tons), Germany (X tons) and Japan (X tons), together achieving a 28% share of total exports. The following exporters - the United States (X tons), Spain (X tons), Switzerland (X tons), the Netherlands (X tons), Indonesia (X tons), India (X tons), the UK (X tons), Slovakia (X tons) and France (X tons) - together made up 24% of total exports.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, India (+13.7%), the Netherlands (+12.7%), Belgium (+12.7%), Japan (+10.7%), Spain (+5.2%), Switzerland (+4.7%), the United States (+3.7%), Indonesia (+2.5%), the UK (+2.3%) and Germany (+1.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.7% from 2012-2021. Slovakia and France experienced a relatively flat trend pattern. While the share of Belgium (+7.1 p.p.), Japan (+2.2 p.p.), the Netherlands (+1.6 p.p.) and China (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nucleic acid supplying countries worldwide were China ($X), Germany ($X) and Switzerland ($X), together accounting for 33% of global exports. These countries were followed by the United States, Japan, Belgium, India, the Netherlands, the UK, Spain, France, Indonesia and Slovakia, which together accounted for a further 30%.

In terms of the main exporting countries, India, with a CAGR of +18.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, reducing by -9.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the other global leaders experienced more modest paces of growth.

Nucleic Acid Imports

Imports

In 2021, the amount of nucleic acids and their salts imported worldwide reached X tons, picking up by 12% on 2020 figures. The total import volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Over the period under review, global imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, nucleic acid imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase 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, imports increased by +109.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by India (X tons) and Brazil (X tons) represented the key importers of nucleic acids and their salts, together committing 31% of total imports. China (X tons), Japan (X tons), Romania (X tons), Germany (X tons), Italy (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons), Thailand (X tons) and Russia (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to nucleic acid imports into the United States stood at +4.8%. At the same time, Romania (+52.0%), India (+18.4%), China (+13.6%), the Netherlands (+12.0%), Russia (+7.3%), Belgium (+6.8%), Thailand (+6.0%), Brazil (+4.3%), France (+2.7%), Germany (+2.2%) and Italy (+1.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +52.0% from 2012-2021. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. While the share of India (+5.2 p.p.), Romania (+3.9 p.p.) and China (+2.3 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 63% share of global imports.

In terms of the main importing countries, Belgium, with a CAGR of +33.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, growing by 25% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nucleic acid import price increased by +74.8% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+25.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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