Africa: Organ Extracts Market 2024

Organ Extracts Market Size in Africa

The African organ extracts market rose markedly to $X in 2021, surging by 12% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Organ Extracts Production in Africa

In value terms, organ extracts production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 44%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Organ Extracts Exports

Exports in Africa

In 2021, overseas shipments of extracts of glands or other organs or of their secretions decreased by -21.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 845%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, organ extracts exports rose sharply to $X in 2021. Overall, exports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2019 with an increase of 356% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Zambia (X tons) and South Africa (X tons) dominates exports structure, together committing 82% of total exports. It was distantly followed by Nigeria (X tons), achieving a 7.6% share of total exports. The following exporters - Lesotho (X kg) and Ethiopia (X kg) - each reached a 4.4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lesotho (with a CAGR of +108.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest organ extracts supplier in Africa, comprising 74% of total exports. The second position in the ranking was held by Zambia ($X), with a 16% share of total exports. It was followed by Nigeria, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +29.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (-8.3% per year) and Nigeria (-25.3% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, rising by 41% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by 179%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+16.7%), while the other leaders experienced more modest paces of growth.

Organ Extracts Imports

Imports in Africa

In 2021, organ extracts imports in Africa reduced notably to X tons, declining by -28.7% against 2020. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 166% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, organ extracts imports surged to $X in 2021. Overall, imports saw a noticeable decrease. The growth pace was the most rapid in 2015 when imports increased by 93% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Nigeria (X tons) was the key importer of extracts of glands or other organs or of their secretions, achieving 45% of total imports. It was distantly followed by South Africa (X tons), Sierra Leone (X tons) and Democratic Republic of the Congo (X tons), together comprising a 29% share of total imports. The following importers - Algeria (X kg), Tunisia (X kg), Ghana (X kg) and Tanzania (X kg) - together made up 14% of total imports.

Imports into Nigeria decreased at an average annual rate of -6.4% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+67.2%), Sierra Leone (+19.6%), Ghana (+2.2%) and Algeria (+1.1%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +67.2% from 2012-2021. South Africa experienced a relatively flat trend pattern. By contrast, Tunisia (-4.7%) and Tanzania (-22.1%) illustrated a downward trend over the same period. Sierra Leone (+7.3 p.p.), South Africa (+6 p.p.), Democratic Republic of the Congo (+4.6 p.p.), Ghana (+1.8 p.p.) and Algeria (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria and Tanzania saw its share reduced by -6.3% and -9.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in Africa, comprising 53% of total imports. The second position in the ranking was taken by Algeria ($X), with a 9.1% share of total imports. It was followed by Nigeria, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at -2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (+5.6% per year) and Nigeria (-6.7% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, with an increase of 69% against the previous year. Overall, the import price saw a measured increase. The pace of growth was the most pronounced in 2016 an increase of 224%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :