Cyprus: Nucleic Acids Market Overview 2020

Nucleic Acids Market Size in Cyprus

The revenue of the nucleic acids market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. In general, nucleic acids consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the nucleic acids market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Nucleic Acids Production in Cyprus

In value terms, nucleic acids production stood at $X in 2018 estimated in export prices. Over the period under review, nucleic acids production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Cyprus nucleic acids production peaked at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Nucleic Acids Exports

Exports from Cyprus

In 2018, the nucleic acids exports from Cyprus totaled X tonnes, declining by -X% against the previous year. Over the period under review, nucleic acids exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, nucleic acids exports reached their peak figure at X tonnes in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, nucleic acids exports stood at $X in 2018. Over the period under review, nucleic acids exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, nucleic acids exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the major exporting country with an export of around X tonnes, which resulted at X% of total exports. Germany (X tonnes) ranks second in terms of the total exports with a X% share, followed by Ireland (X%), Belgium (X%) and France (X%). The following exporters - Spain (X tonnes), the U.S. (X tonnes), Japan (X tonnes), Switzerland (X tonnes), Indonesia (X tonnes), Slovakia (X tonnes) and the UK (X tonnes) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Spain (+X%), France (+X%), Indonesia (+X%), Switzerland (+X%), the U.S. (+X%), Japan (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, Belgium (-X%), Germany (-X%) and Ireland (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), France (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Ireland (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nucleic acids markets from Cyprus were Ireland ($X), China ($X) and the U.S. ($X), together accounting for X% of total exports.

China experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The nucleic acids export price in Cyprus stood at $X per tonne in 2018, falling by -X% against the previous year. Overall, the nucleic acids export price continues to indicate a moderate shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Cyprus export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per tonne), while Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Nucleic Acids Imports

Imports into Cyprus

In 2018, the amount of nucleic acids and their salts imported into Cyprus totaled X tonnes, shrinking by -X% against the previous year. In general, nucleic acids imports, however, continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, nucleic acids imports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, nucleic acids imports amounted to $X in 2018. In general, nucleic acids imports, however, continue to indicate skyrocketing growth. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, nucleic acids imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Belgium (X tonnes), Japan (X tonnes), Ireland (X tonnes), India (X tonnes) and Germany (X tonnes) represented the key importers of nucleic acids and their salts, together generating X% of total imports. Indonesia (X tonnes), France (X tonnes), Brazil (X tonnes), Italy (X tonnes), Russia (X tonnes) and China (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to nucleic acids imports into the U.S. stood at +X%. At the same time, Ireland (+X%), India (+X%), Indonesia (+X%), Russia (+X%), France (+X%), China (+X%), Belgium (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Brazil and Japan experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Ireland (+X p.p.), India (+X p.p.), Indonesia (+X p.p.), Belgium (+X p.p.), France (+X p.p.), Russia (+X p.p.) and China (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported nucleic acids and their salts into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., nucleic acids imports shrank by an average annual rate of -X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the nucleic acids import price in Cyprus amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the nucleic acids import price, however, continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. Over the period under review, the import prices for nucleic acids and their salts attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform