Nucleic Acids Market Overview in Cyprus
In value terms, nucleic acids production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, production showed a measured increase. The pace of growth was the most pronounced in 2011 when the production volume increased by % year-to-year. Nucleic acids production peaked at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
The size of the nucleic acids market in Cyprus reduced to $ in 2019, approximately reflecting 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 recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.