Nucleic Acids Market Overview in Cyprus
Market Overview
The Cypriot nucleic acids market was estimated at $
in , remaining stable 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
In value terms, nucleic acids production totaled $ in estimated in export prices. In general, production enjoyed a slight expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Nucleic acids production peaked at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.
in , remaining stable 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.In value terms, nucleic acids production totaled $
in estimated in export prices. In general, production enjoyed a slight expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Nucleic acids production peaked at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.Consumption
Nucleic acids consumption in Cyprus stood at tonnes in , therefore, remained relatively stable against the year before. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the maximum volume at tonnes in 2017; however, from 2018 to , consumption failed to regain the momentum.
The revenue of the nucleic acids market in Cyprus amounted to $ in , standing approx. at 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). Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Nucleic acids consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
tonnes in , therefore, remained relatively stable against the year before. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the maximum volume at tonnes in 2017; however, from 2018 to , consumption failed to regain the momentum.The revenue of the nucleic acids market in Cyprus amounted to $
in , standing approx. at 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). Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Nucleic acids consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for nucleic acids in Cyprus, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Cyprus increased significantly over the last thirteen-year period (from % to %).
% to %).Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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