Australia and Oceania: Organ Extracts Market 2024

Organ Extracts Market Size in Australia and Oceania

After three years of growth, the organ extracts market in Australia and Oceania decreased by -8.6% to $X in 2021. Over the period under review, consumption, however, continues to indicate a modest increase. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Organ Extracts Production in Australia and Oceania

In value terms, organ extracts production contracted modestly to $X in 2021 estimated in export price. In general, production enjoyed strong growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Organ Extracts Exports

Exports in Australia and Oceania

After three years of decline, overseas shipments of extracts of glands or other organs or of their secretions increased by 7.5% to X tons in 2021. Over the period under review, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2014 when exports increased by 215%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, organ extracts exports reached $X in 2021. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 66%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) represented the largest exporter of extracts of glands or other organs or of their secretions, comprising 87% of total exports. It was distantly followed by New Zealand (X tons), generating a 13% share of total exports.

Exports from Australia increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, New Zealand (+22.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +22.7% from 2012-2021. While the share of New Zealand (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-10.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest organ extracts supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +18.4%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price saw a prominent increase. The growth pace was the most rapid in 2015 an increase of 119% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

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 New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+16.7%).

Organ Extracts Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in supplies from abroad of extracts of glands or other organs or of their secretions, which increased by 13% to X tons in 2021. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, organ extracts imports soared to $X in 2021. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 62%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Australia was the major importer of extracts of glands or other organs or of their secretions in Australia and Oceania, with the volume of imports resulting at X tons, which was near 82% of total imports in 2021. It was distantly followed by New Zealand (X tons), comprising a 15% share of total imports. New Caledonia (X kg) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the extracts of glands or other organs or of their secretions imports, with a CAGR of +13.5% from 2012 to 2021. New Caledonia experienced a relatively flat trend pattern. New Zealand (-13.7%) illustrated a downward trend over the same period. Australia (+67 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -17.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in Australia and Oceania, comprising 96% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +19.0%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-8.1% per year) and New Caledonia (-7.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, picking up by 23% against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth appeared the most rapid in 2014 when the import price increased by 79% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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