Asia-Pacific: Nucleic Acid Market 2024

Nucleic Acid Market Size in Asia-Pacific

The Asia-Pacific nucleic acid market was estimated at $X in 2023, stabilizing at the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Nucleic Acid Production in Asia-Pacific

In value terms, nucleic acid production rose to $X in 2023 estimated in export price. Over the period under review, production saw buoyant growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Nucleic Acid Exports

Exports in Asia-Pacific

After four years of growth, shipments abroad of nucleic acids and their salts decreased by X% to X tons in 2023. Total exports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then shrank modestly in the following year.

In value terms, nucleic acid exports soared to $X in 2023. Over the period under review, exports, however, posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by Japan (X tons), comprising a X% share of total exports. India (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nucleic acid supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, nucleic acid exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, nucleic acid export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Nucleic Acid Imports

Imports in Asia-Pacific

In 2023, overseas purchases of nucleic acids and their salts decreased by X% to X tons, falling for the second year in a row after six years of growth. Total imports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, nucleic acid imports reduced to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X tons), distantly followed by Japan (X tons), South Korea (X tons), China (X tons), Thailand (X tons), Indonesia (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) represented the largest importers of nucleic acids and their salts, together mixing up X% of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. China, Indonesia, Pakistan, Thailand, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform