United Kingdom: Nucleic Acid Market 2024

Nucleic Acid Market Size in the UK

In 2023, the UK nucleic acid market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nucleic Acid Production in the UK

In value terms, nucleic acid production rose slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Nucleic Acid Exports

Exports from the UK

Nucleic acid exports from the UK plummeted to X tons in 2023, dropping by X% compared with 2022 figures. Overall, exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, nucleic acid exports surged to $X in 2023. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Hungary (X tons) and Belgium (X tons) were the main destinations of nucleic acid exports from the UK.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for nucleic acids and their salts exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Belgium (X% per year).

Export Prices by Country

The average nucleic acid export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into the UK

In 2023, the amount of nucleic acids and their salts imported into the UK skyrocketed to X tons, rising by X% against 2022 figures. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nucleic acid imports declined notably to $X in 2023. Over the period under review, imports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of nucleic acid to the UK, with a X% share of total imports. Moreover, nucleic acid imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, the largest nucleic acid suppliers to the UK were China ($X), the United States ($X) and Switzerland ($X), together accounting for X% of total imports. India, Germany, Belgium, Spain and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average nucleic acid import price amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then dropped notably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform