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Article Publishing Date: Sep 25, 2023

Nucleic Acids in South Africa Experience 13% Surge, Priced at $24.0 per kg

South Africa Nucleic Acids Import Price in July 2023

In July 2023, the nucleic acids price amounted to $23,959 per ton (CIF, South Africa), picking up by 13% against the previous month. Overall, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in October 2022 an increase of 55% m-o-m. As a result, import price attained the peak level of $46,092 per ton. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($189K per ton), while the price for Thailand ($10,712 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

South Africa Nucleic Acids Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Nucleic Acids in South Africa (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
India146,662125,58891,642187,483109,64369,92071,393177,997101,059111,465122,77951,513189,490
China31,95620,03016,41827,97918,48912,36429,10523,71816,58119,52819,61915,95515,930
Thailand8,3949,6239,4579,90510,4878,67410,485N/A10,365N/A10,421N/A10,712
IndonesiaN/AN/AN/AN/A11,318N/A10,892N/A11,8686,646N/A12,544N/A
Average45,66932,52329,75846,09228,71423,11034,10044,95822,55230,73227,93421,22423,959

South Africa Nucleic Acids Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was other heterocyclic compounds, n.e.s. in October 2934, 2934.2 and 2934.3 ($678K per ton), while the price for heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused ($3,790 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (+14.2%), while the prices for the other products experienced a decline.

South Africa Nucleic Acids Imports

In July 2023, overseas purchases of nucleic acids and their salts decreased by -21.1% to 162 tons for the first time since April 2023, thus ending a two-month rising trend. In general, imports recorded a pronounced descent. The pace of growth appeared the most rapid in March 2023 when imports increased by 70% month-to-month.

In value terms, nucleic acids imports fell to $3.9M (IndexBox estimates) in July 2023. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in October 2022 with an increase of 31% month-to-month.

South Africa Nucleic Acids Imports by Type

In July 2023, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 (146 tons) constituted the largest type of nucleic acids supplied to South Africa, with a 90% share of total imports. Moreover, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 exceeded the figures recorded for the second-largest type, heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (16 tons), ninefold. Heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (684 kg) ranked third in terms of total imports with a 0.4% share.

From July 2022 to July 2023, the average monthly growth rate of the volume of import of nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 totaled +2.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused (-6.7% per month) and heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure (-30.9% per month).

In value terms, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 ($3.6M) constituted the largest type of nucleic acids supplied to South Africa, comprising 93% of total imports. The second position in the ranking was taken by heterocyclic compounds; containing an unfused thiazole ring (whether or not hydrogenated) in the structure ($168K), with a 4.3% share of total imports. It was followed by heterocyclic compounds; containing a benzothiazole ring-system (whether or not hydrogenated), not further fused, with a 1.5% share.

South Africa Nucleic Acids Imports by Country

In July 2023, China (119 tons) constituted the largest supplier of nucleic acids to South Africa, with a 74% share of total imports. Moreover, nucleic acids imports from China exceeded the figures recorded by the second-largest supplier, the United States (21 tons), sixfold. Thailand (16 tons) ranked third in terms of total imports with a 9.9% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+29.3% per month) and Thailand (-5.6% per month).

In value terms, China ($1.9M) constituted the largest supplier of nucleic acids to South Africa, comprising 49% of total imports. The second position in the ranking was taken by the United States ($936K), with a 24% share of total imports. It was followed by India, with a 13% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of value from China totaled -6.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+12.6% per month) and India (-16.5% per month).

Source: IndexBox Market Intelligence Platform

  1. 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. 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. 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. 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. 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
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  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

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    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
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  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
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  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

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  11. 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

  12. 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

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