Store → Non sorted Root → Non sorted → Nucleic Acids and Their Salts

Latest Report Update: Jun 1, 2023

Republic of Korea - Nucleic Acids and Their Salts - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Republic of Korea: Nucleic Acid Market 2023

Nucleic Acid Market Size in Republic of Korea

The South Korean nucleic acid market declined to $X in 2021, reducing by -11% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +10.4% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Nucleic Acid Production in Republic of Korea

In value terms, nucleic acid production declined markedly to $X in 2021 estimated in export price. In general, production saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 641%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Nucleic Acid Exports

Exports from Republic of Korea

In 2021, the amount of nucleic acids and their salts exported from South Korea contracted modestly to X tons, shrinking by -2.5% on 2020. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 28%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, nucleic acid exports skyrocketed to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 47% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Vietnam (X tons) and China (X tons) were the main destinations of nucleic acid exports from South Korea, with a combined 55% share of total exports. These countries were followed by Belgium, Switzerland, Ireland, the United States, Indonesia, Bangladesh, the UK and Turkey, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +46.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Switzerland ($X) and the United States ($X) appeared to be the largest markets for nucleic acid exported from South Korea worldwide, together accounting for 57% of total exports. Japan, China, Belgium, Indonesia, Vietnam, the UK, Bangladesh and Turkey lagged somewhat behind, together accounting for a further 24%.

Belgium, with a CAGR of +952.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2021, jumping by 27% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+60.4%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Republic of Korea

After four years of growth, supplies from abroad of nucleic acids and their salts decreased by -11.1% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, nucleic acid imports contracted to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.1% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nucleic acid to South Korea, accounting for a 60% share of total imports. Moreover, nucleic acid imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. India (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.7% per year) and India (+12.6% per year).

In value terms, China ($X), India ($X) and Japan ($X) appeared to be the largest nucleic acid suppliers to South Korea, together accounting for 76% of total imports.

India, with a CAGR of +18.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nucleic acid import price amounted to $X per ton, rising by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2015 an increase of 33%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for nucleic acids and their salts in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 43% share of global consumption. Italy, Brazil, Indonesia, Japan, the UK, Mexico, Romania, France, Spain and Canada lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of nucleic acids and their salts in the world?

China remains the largest nucleic acid producing country worldwide, accounting for 44% of total volume. Moreover, nucleic acid production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was taken by Belgium, with a 6.4% share.

What are the leading suppliers of nucleic acids and their salts to Republic of Korea?

In value terms, the largest nucleic acid suppliers to South Korea were China, India and Japan, with a combined 76% share of total imports.

What are the leading importers of nucleic acids and their salts from Republic of Korea?

In value terms, the largest markets for nucleic acid exported from South Korea were Ireland, Switzerland and the United States, together accounting for 57% of total exports. Japan, China, Belgium, Indonesia, Vietnam, the UK, Bangladesh and Turkey lagged somewhat behind, together comprising a further 24%.

What is the average export price for nucleic acids and their salts in Republic of Korea?

In 2021, the average nucleic acid export price amounted to $258,086 per ton, with an increase of 27% against the previous year.

What is the average import price for nucleic acids and their salts in Republic of Korea?

The average nucleic acid import price stood at $33,747 per ton in 2021, rising by 5% against the previous year.

This report provides an in-depth analysis of the nucleic acid market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 20145290 - Compounds containing in the structure an unfused pyridine ring or a quinoline or isoquinoline ring-system, not further fused, lactames, other heterocyclic compounds with nitrogen hetero-atom(s) only (excluding compounds containing in the structure an unfused pyrazole ring, an unfused imidazole ring, a pyrimidine ring, a piperazine ring or an unfused triazine ring) N ucleic acids and other heterocyclic compounds - thiazole, b enzothiazole, other cycles

Country coverage:

• South Korea

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Republic of Korea

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance