Eastern Asia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Eastern Asia

The East Asian nucleic acid market amounted to $X in 2023, with an increase of X% against the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Nucleic Acid Production in Eastern Asia

In value terms, nucleic acid production totaled $X in 2023 estimated in export price. In general, production showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 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 Eastern Asia

For the fifth year in a row, Eastern Asia recorded growth in shipments abroad of nucleic acids and their salts, which increased by X% to X tons in 2023. Total exports indicated a measured expansion 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 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, nucleic acid exports fell to $X in 2023. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Japan (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to nucleic acid exports from China stood at X%. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, 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 ($X) remains the largest nucleic acid supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Export price indicated notable growth 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Nucleic Acid Imports

Imports in Eastern Asia

In 2023, purchases abroad 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 a slight increase 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 most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, nucleic acid imports shrank to $X in 2023. Overall, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Japan (X tons), South Korea (X tons) and China (X tons) was the main importer of nucleic acids and their salts in Eastern Asia, committing X% of total import. It was distantly followed by Taiwan (Chinese) (X tons), generating a X% share of total imports.

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

In value terms, Japan ($X) constitutes the largest market for imported nucleic acids and their salts in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, nucleic acid imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform