Nucleic Acids Market Overview in Austria

The revenue of the nucleic acids market in Austria amounted to $ in 2018, surging by % 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, the total market indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nucleic acids consumption increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. In that year, the nucleic acids market reached its peak level and is likely to continue its growth in the immediate term.

In value terms, nucleic acids production amounted to $ in 2018 estimated in export prices. Overall, nucleic acids production continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. Over the period under review, nucleic acids production hit record highs at $ in 2009; however, from 2010 to 2018, production failed to regain its momentum.

In 2018, the consumption of nucleic acids and their salts in Austria stood at tonnes, rising by % against the previous year. Overall, the total consumption indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nucleic acids consumption increased by +% against 2014 indices. The pace of growth was the most pronounced in 2018 when consumption volume increased by % year-to-year. In that year, the nucleic acids consumption reached its peak volume and is likely to continue its growth in the immediate term.

The revenue of the nucleic acids market in Austria amounted to $ in 2018, rising by % 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). Overall, the total market indicated a moderate increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nucleic acids consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. In that year, the nucleic acids market attained its peak level and is likely to continue its growth in the immediate term.

The nucleic acids market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the twelve-year period from 2018 to , which is projected to depress the market volume to tonnes by the end of .

Driven by a growing demand, the share of imports in total supply in Austria increased significantly over the last eleven years (from % to %).

Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.