Global Nucleic Acid Market 2024

Nucleic Acid Market Size

The global nucleic acid market amounted to $X in 2023, increasing by X% against the previous year. Overall, consumption posted prominent growth. Global consumption peaked in 2023 and is expected to retain growth in years to come.

Nucleic Acid Production

In value terms, nucleic acid production amounted to $X in 2023 estimated in export price. Overall, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, global production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Nucleic Acid Exports

Exports

In 2023, overseas shipments of nucleic acids and their salts decreased by X% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, nucleic acid exports declined to $X in 2023. Over the period under review, total exports indicated a noticeable increase from 2012 to 2023: its value 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 pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

China was the main exporting country with an export of about X tons, which resulted at X% of total exports. Belgium (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). The United States (X tons), the Netherlands (X tons), Japan (X tons), Switzerland (X tons), Spain (X tons), India (X tons) and France (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Belgium (X%), India (X%), Japan (X%), the United States (X%), France (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2023, 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, China ($X) remains the largest nucleic acid supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Belgium ($X), with an X% share of global exports. It was followed by Switzerland, with an X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2023, the average nucleic acid export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2023: its price 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, nucleic acid export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The global export price peaked at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while China ($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 global leaders experienced more modest paces of growth.

Nucleic Acid Imports

Imports

Global nucleic acid imports was estimated at X tons in 2023, stabilizing at the previous year's figure. In general, total imports indicated a moderate 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 increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked in 2023 and are likely to continue growth in years to come.

In value terms, nucleic acid imports fell notably to $X in 2023. Overall, imports posted tangible growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of global imports remained at a lower figure.

Imports by Country

The countries with the highest levels of nucleic acid imports in 2023 were the United States (X tons), the UK (X tons), India (X tons), Brazil (X tons), Belgium (X tons), Japan (X tons), France (X tons), South Korea (X tons), Canada (X tons), Germany (X tons), Russia (X tons) and China (X tons), together amounting to X% of total import. The Netherlands (X tons) held a minor share of total imports.

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

In value terms, the United States ($X) constitutes the largest market for imported nucleic acids and their salts worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Germany (X% per year) and Canada (X% per year).

Import Prices by Country

In 2023, the average nucleic acid import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a slight setback. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform