Nucleic Acids Price in Singapore - 2022

Contents:

1. Nucleic Acids Price in Singapore (FOB) - 2022
2. Nucleic Acids Price in Singapore (CIF) - 2022
3. Nucleic Acids Exports in Singapore
4. Nucleic Acids Imports in Singapore

Nucleic Acids Price in Singapore (FOB) - 2022

In 2022, the average nucleic acids export price amounted to $156,293 per ton, rising by 26% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 86% against the previous year. The export price peaked at $355,746 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($515,925 per ton), while the average price for exports to Malaysia ($12,216 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+6.5%), while the prices for the other major destinations experienced a decline.

Nucleic Acids Price in Singapore (CIF) - 2022

In 2022, the average nucleic acids import price amounted to $40,158 per ton, picking up by 2% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2015 an increase of 37% against the previous year. As a result, import price attained the peak level of $51,954 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($156,147 per ton), while the price for France ($15,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Nucleic Acids Exports in Singapore

In 2022, exports of nucleic acids and their salts from Singapore reached 2.8K tons, remaining constant against 2021. Overall, exports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 4.3% against the previous year.

In value terms, nucleic acids exports skyrocketed to $431M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. As a result, the exports attained the peak of $495M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Nucleic Acids from Singapore in 2022:

1. South Korea (1217.0 tons)
2. Panama (475.0 tons)
3. Belgium (405.7 tons)
4. Malaysia (369.6 tons)
5. United States (205.1 tons)
6. Indonesia (135.7 tons)
7. India (121.3 tons)
8. Taiwan (Chinese) (106.8 tons)
9. Philippines (99.7 tons)
10. Thailand (89.9 tons)
11. Pakistan (83.1 tons)
12. Netherlands (80.5 tons)
13. Vietnam (75.8 tons)

Nucleic Acids Imports in Singapore

After two years of decline, overseas purchases of nucleic acids and their salts increased by 21% to 6.2K tons in 2022. In general, imports, however, recorded a slight slump.

In value terms, nucleic acids imports surged to $247M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nucleic Acids to Singapore in 2022:

1. China (3995.3 tons)
2. Switzerland (329.0 tons)
3. France (320.7 tons)
4. United Kingdom (268.8 tons)
5. Germany (246.4 tons)
6. United States (212.7 tons)
7. Indonesia (191.1 tons)

Source: IndexBox Market Intelligence Platform