MENA: Nucleic Acids Market 2024

Nucleic Acids Market Size in MENA

The MENA's nucleic acids market rose notably to $X in 2023, growing by X% against the previous year. In general, consumption posted a prominent expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Nucleic Acids Production in MENA

In value terms, nucleic acids production rose remarkably to $X in 2023 estimated in export price. In general, production saw a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Nucleic Acids Exports

Exports in MENA

In 2023, overseas shipments of nucleic acids and their salts decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, nucleic acids exports fell notably to $X in 2023. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Israel represented the largest exporter of nucleic acids and their salts in MENA, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Turkey (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). Saudi Arabia (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X) remains the largest nucleic acids supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($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 Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Nucleic Acids Imports

Imports in MENA

In 2023, the amount of nucleic acids and their salts imported in MENA reduced remarkably to X tons, with a decrease of X% compared with 2022 figures. The total import 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 in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, nucleic acids imports shrank to $X in 2023. Total imports indicated measured growth from 2012 to 2023: its value 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 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then shrank modestly in the following year.

Imports by Country

Turkey was the key importer of nucleic acids and their salts in MENA, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Egypt (X%) and Iran (X%). The following importers - Algeria (X tons) and Morocco (X tons) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Algeria (X%), Egypt (X%) and Morocco (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Iran (X p.p.) and Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported nucleic acids and their salts in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Algeria ($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 Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform