Argentina: Organ Extracts Market 2024

Organ Extracts Market Size in Argentina

The Argentinian organ extracts market contracted dramatically to $X in 2021, shrinking by -16.6% against the previous year. In general, consumption, however, enjoyed mild growth. Organ extracts consumption peaked at $X in 2020, and then shrank significantly in the following year.

Organ Extracts Production in Argentina

In value terms, organ extracts production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29%. Organ extracts production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Organ Extracts Exports

Exports from Argentina

In 2021, after four years of decline, there was significant growth in overseas shipments of extracts of glands or other organs or of their secretions, when their volume increased by 68% to X tons. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 78%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organ extracts exports skyrocketed to $X in 2021. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for organ extracts exports from Argentina, with a 62% share of total exports. Moreover, organ extracts exports to the United States exceeded the volume sent to the second major destination, Tunisia (X tons), fourfold. The third position in this ranking was taken by Switzerland (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+14.4% per year) and Switzerland (+29.1% per year).

In value terms, the United States ($X), Tunisia ($X) and Colombia ($X) were the largest markets for organ extracts exported from Argentina worldwide, together comprising 53% of total exports. These countries were followed by Switzerland, South Korea, France, Taiwan (Chinese) and Japan, which together accounted for a further 10%.

Among the main countries of destination, South Korea, with a CAGR of +18.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, waning by -24.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 54%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Argentina

In 2021, the amount of extracts of glands or other organs or of their secretions imported into Argentina declined remarkably to X kg, dropping by -86.5% on the previous year's figure. Overall, imports recorded a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 1,190% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, organ extracts imports contracted sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 842%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X kg) constituted the largest supplier of organ extracts to Argentina, accounting for a 76% share of total imports. Moreover, organ extracts imports from the UK exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), fivefold. The United States (X kg) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-28.8% per year) and the United States (+25.8% per year).

In value terms, the UK ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Argentina, comprising 91% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 6.3% share of total imports. It was followed by the United States, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-38.9% per year) and the United States (+102.7% per year).

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2021, increasing by 64% against the previous year. In general, the import price continues to indicate temperate growth. The pace of growth was the most pronounced in 2016 an increase of 65% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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