Iceland: Nucleic Acids Market Overview 2020

Nucleic Acids Market Size in Iceland

The revenue of the nucleic acids market in Iceland amounted to $X in 2018, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, nucleic acids consumption continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 when the market value increased by X% against the previous year. Iceland nucleic acids consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Nucleic Acids Exports

Exports from Iceland

In 2018, the amount of nucleic acids and their salts exported from Iceland stood at X tonnes, falling by -X% against the previous year. In general, nucleic acids exports continue to indicate a deep decline. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. In that year, nucleic acids exports attained their peak of X tonnes. From 2009 to 2018, the growth of nucleic acids exports failed to regain its momentum.

In value terms, nucleic acids exports totaled $X in 2018. In general, nucleic acids exports continue to indicate a deep downturn. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. In that year, nucleic acids exports attained their peak of $X. From 2009 to 2018, the growth of nucleic acids exports remained at a lower figure.

Exports by Country

China represented the major exporter of nucleic acids and their salts in the world, with the volume of exports finishing at X tonnes, which was near X% of total exports in 2018. Germany (X tonnes) held the second position in the ranking, followed by Ireland (X tonnes), Belgium (X tonnes) and France (X tonnes). All these countries together held approx. X% share of total exports. 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.

From 2007 to 2018, average annual rates of growth with regard to nucleic acids exports from China stood at +X%. 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. From 2007 to 2018, the share of China, France and Spain increased by +X%, +X% and +X% percentage points, while Ireland (-X p.p.) and Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

China recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the nucleic acids export price in Iceland amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the nucleic acids export price continues to indicate a temperate downturn. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. In that year, the export prices for nucleic acids and their salts attained their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the export prices for nucleic acids and their salts remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Iceland

In 2018, the amount of nucleic acids and their salts imported into Iceland amounted to X tonnes, coming down by -X% against the previous year. Overall, nucleic acids imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, nucleic acids imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, nucleic acids imports amounted to $X in 2018. Overall, nucleic acids imports continue to indicate a noticeable drop. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, nucleic acids imports attained their maximum at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

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) were the largest importers of nucleic acids and their salts, together committing X% of total imports. Indonesia (X tonnes), France (X tonnes), Brazil (X tonnes), Italy (X tonnes), Russia (X tonnes) and China (X tonnes) held a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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. ($X) constitutes the largest market for imported nucleic acids and their salts into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., nucleic acids imports declined 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

The nucleic acids import price in Iceland stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the import price indicated remarkable growth from 2007 to 2018: 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 2018 figures, nucleic acids import price increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. In that year, the import prices for nucleic acids and their salts reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the import prices for nucleic acids and their salts failed to regain its momentum.

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