Nucleic Acids Price in South Korea - 2022
Contents:
- Nucleic Acids Price in South Korea (CIF) - 2022
- Nucleic Acids Price in South Korea (FOB) - 2022
- Nucleic Acids Imports in South Korea
- Nucleic Acids Exports in South Korea
Nucleic Acids Price in South Korea (CIF) - 2022
The average nucleic acids import price stood at $29,816 per ton in 2022, with an increase of 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 31%. The import price peaked at $32,929 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($133,869 per ton), while the price for Indonesia ($4,134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nucleic Acids Price in South Korea (FOB) - 2022
The average nucleic acids export price stood at $151,471 per ton in 2022, leveling off at the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $161,418 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($904,692 per ton), while the average price for exports to Bangladesh ($5,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Nucleic Acids Imports in South Korea
After three years of growth, overseas purchases of nucleic acids and their salts decreased by -9.6% to 19K tons in 2022. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 21K tons, and then dropped in the following year.
In value terms, nucleic acids imports fell modestly to $566M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25%.
| Import of Nucleic Acids in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 164 | 223 | 245 | 221 | 10.5% |
| Japan | 61.7 | 71.5 | 66.9 | 84.4 | 11.0% |
| India | 88.0 | 98.8 | 95.4 | 80.4 | -3.0% |
| Singapore | N/A | 0.6 | 2.8 | 31.2 | 621.1% |
| Germany | 25.6 | 24.1 | 26.2 | 29.8 | 5.2% |
| Indonesia | 12.4 | 7.8 | 3.1 | 8.0 | -13.6% |
| Others | 94.7 | 131 | 136 | 112 | 5.8% |
| Total | 446 | 556 | 576 | 566 | 8.3% |
Top Suppliers of Nucleic Acids to South Korea in 2022:
- China (8.5K tons)
- Japan (4.7K tons)
- Indonesia (1.9K tons)
- Germany (0.9K tons)
- India (0.6K tons)
- Singapore (0.4K tons)
Nucleic Acids Exports in South Korea
In 2022, shipments abroad of nucleic acids and their salts decreased by -10.5% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of 1.6K tons, and then contracted in the following year.
In value terms, nucleic acids exports shrank to $215M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports attained the peak of $238M, and then dropped in the following year.
| Export of Nucleic Acids in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 80.3 | 51.9 | 61.1 | 58.1 | -10.2% |
| Japan | 19.9 | 31.2 | 20.8 | 28.5 | 12.7% |
| Switzerland | 11.2 | 18.5 | 47.1 | 28.3 | 36.2% |
| Austria | N/A | 0.1 | 0.6 | 24.0 | 1449.2% |
| United States | 8.2 | 17.9 | 22.6 | 14.9 | 22.0% |
| Belgium | 1.2 | 4.8 | 13.8 | 9.4 | 98.6% |
| China | 4.3 | 12.4 | 14.0 | 6.4 | 14.2% |
| Indonesia | 6.8 | 4.5 | 3.7 | 3.2 | -22.2% |
| Taiwan (Chinese) | 4.2 | 4.5 | 3.0 | 2.6 | -14.8% |
| Vietnam | 2.6 | 1.9 | 1.2 | 1.2 | -22.7% |
| Bangladesh | 1.0 | 0.8 | 0.3 | 0.6 | -15.7% |
| Others | 33.1 | 43.5 | 50.4 | 38.0 | 4.7% |
| Total | 173 | 192 | 238 | 215 | 7.5% |
Top Export Markets for Nucleic Acids from South Korea in 2022:
- Japan (274.3 tons)
- Switzerland (182.0 tons)
- Vietnam (179.1 tons)
- Belgium (174.5 tons)
- China (102.8 tons)
- Bangladesh (99.6 tons)
- Austria (88.4 tons)
- Ireland (64.3 tons)
- Indonesia (43.3 tons)
- United States (34.8 tons)
- Taiwan (Chinese) (16.6 tons)
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Explore the top import markets for nucleic acid worldwide, including key statistics and import values. Discover the leading countries driving the demand for nucleic acid.
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In 2016, the global imports of nucleic acid stood at X tons, waning by -X% against the previous year figure. In general, nucleic acid imports continue to indicate a mild descent. The growth pa...
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