Nucleic Acids Price in Saudi Arabia - 2021

Contents:

1. Nucleic Acids Price in Saudi Arabia (CIF) - 2022
2. Nucleic Acids Price in Saudi Arabia (FOB) - 2022
3. Nucleic Acids Imports in Saudi Arabia
4. Nucleic Acids Exports in Saudi Arabia

Nucleic Acids Price in Saudi Arabia (CIF) - 2022

The average nucleic acids import price stood at $2,842 per ton in 2022, declining by -76.5% against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $12,997 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Japan ($19,710 per ton), while the price for China ($1,789 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Nucleic Acids Price in Saudi Arabia (FOB) - 2022

The average nucleic acids export price stood at $23,762 per ton in 2022, rising by 89% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 117% against the previous year. The export price peaked at $230,353 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 Switzerland ($105,104 per ton), while the average price for exports to the United Arab Emirates ($3,994 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 Switzerland (+114.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acids Imports in Saudi Arabia

In 2022, overseas purchases of nucleic acids and their salts decreased by -70% to 169 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of 657 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nucleic acids imports contracted significantly to $481K in 2022. In general, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. As a result, imports attained the peak of $8.5M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Nucleic Acids to Saudi Arabia in 2022:

1. China (82.8 tons)
2. Germany (74.3 tons)
3. India (8.6 tons)
4. Japan (3.5 tons)

Nucleic Acids Exports in Saudi Arabia

After three years of growth, shipments abroad of nucleic acids and their salts decreased by -71.2% to 16 tons in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 275%. As a result, the exports attained the peak of 56 tons, and then contracted significantly in the following year.

In value terms, nucleic acids exports declined rapidly to $385K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 163% against the previous year.

Top Export Markets for Nucleic Acids from Saudi Arabia in 2022:

1. Bahrain (12.4 tons)
2. Switzerland (1.1 tons)
3. Japan (0.8 tons)
4. Turkey (0.7 tons)
5. Netherlands (0.4 tons)
6. United Arab Emirates (0.3 tons)

Source: IndexBox Market Intelligence Platform