Central Asia: Organ Extracts Market 2024

Organ Extracts Market Size in Central Asia

After four years of growth, the Central Asian organ extracts market decreased by -15.2% to $X in 2021. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +51.4% against 2016 indices. The level of consumption peaked at $X in 2020, and then contracted rapidly in the following year.

Organ Extracts Production in Central Asia

In value terms, organ extracts production shrank to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +68.4% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 45%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Organ Extracts Exports

Exports in Central Asia

In 2021, organ extracts exports in Central Asia soared to X kg, growing by 510% on 2020 figures. Overall, exports, however, showed a precipitous setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, organ extracts exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan represented the major exporting country with an export of around X kg, which resulted at 78% of total exports. Mongolia (X kg) held the second position in the ranking, distantly followed by Kyrgyzstan (X kg). All these countries together took approx. 22% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to organ extracts exports from Kazakhstan stood at -24.5%. At the same time, Mongolia (+20.8%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +20.8% from 2012-2021. By contrast, Kyrgyzstan (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mongolia and Kyrgyzstan increased by +16 and +5.4 percentage points, respectively.

In value terms, Kazakhstan ($X) emerged as the largest organ extracts supplier in Central Asia, comprising 80% of total exports. The second position in the ranking was taken by Mongolia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at -21.3%. In the other countries, the average annual rates were as follows: Mongolia (+23.8% per year) and Kyrgyzstan (-15.8% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, surging by 25% against the previous year. In general, the export price continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2016 an increase of 135% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 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 Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.1%), while the other leaders experienced mixed trends in the export price figures.

Organ Extracts Imports

Imports in Central Asia

After two years of growth, supplies from abroad of extracts of glands or other organs or of their secretions decreased by -62.8% to X tons in 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 905%. The volume of import peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, organ extracts imports fell sharply to $X in 2021. Overall, imports faced a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 1,046% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then contracted markedly in the following year.

Imports by Country

Kyrgyzstan represented the key importer of extracts of glands or other organs or of their secretions in Central Asia, with the volume of imports recording X tons, which was approx. 52% of total imports in 2021. Uzbekistan (X kg) held a 32% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (14%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kyrgyzstan (with a CAGR of +73.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest organ extracts importing markets in Central Asia were Uzbekistan ($X), Mongolia ($X) and Kyrgyzstan ($X), with a combined 93% share of total imports.

Kyrgyzstan, with a CAGR of +37.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, waning by -48.8% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (-4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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