Malaysia: Nucleic Acid Market 2024

Nucleic Acid Market Size in Malaysia

The Malaysian nucleic acid market fell significantly to $X in 2023, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Nucleic acid consumption peaked at $X in 2022, and then shrank markedly in the following year.

Nucleic Acid Exports

Exports from Malaysia

In 2023, overseas shipments of nucleic acids and their salts decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. Overall, total exports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, nucleic acid exports fell to $X in 2023. In general, exports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for nucleic acid exports from Malaysia, accounting for a X% share of total exports. Moreover, nucleic acid exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. The third position in this ranking was held by Sri Lanka (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Sri Lanka (X% per year).

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) appeared to be the largest markets for nucleic acid exported from Malaysia worldwide, with a combined X% share of total exports. Sri Lanka, Brunei Darussalam, Hong Kong SAR, China and Vietnam lagged somewhat behind, together accounting for a further X%.

Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2023, the average nucleic acid export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the 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 Hong Kong SAR ($X per ton), while the average price for exports to Sri Lanka ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nucleic Acid Imports

Imports into Malaysia

Nucleic acid imports into Malaysia contracted notably to X tons in 2023, falling by X% on the previous year. In general, total imports indicated a mild increase from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, nucleic acid imports declined remarkably to $X in 2023. Over the period under review, total imports indicated a modest expansion 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. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then fell dramatically in the following year.

Imports by Country

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

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

In value terms, China ($X) constituted the largest supplier of nucleic acids and their salts to Malaysia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Japan (X% per year).

Import Prices by Country

The average nucleic acid import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform