China: Organ Extracts Market 2024

Organ Extracts Market Size in China

In 2021, after five years of decline, there was significant growth in the Chinese organ extracts market, when its value increased by 123% to $X. In general, consumption showed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Organ Extracts Production in China

In value terms, organ extracts production declined to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Organ Extracts Exports

Exports from China

In 2021, after five years of growth, there was significant decline in shipments abroad of extracts of glands or other organs or of their secretions, when their volume decreased by -53.2% to X tons. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 237%. The exports peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, organ extracts exports shrank significantly to $X in 2021. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 325%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Italy (X tons) was the main destination for organ extracts exports from China, with a 38% share of total exports. Moreover, organ extracts exports to Italy exceeded the volume sent to the second major destination, Iran (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+139.7% per year) and Egypt (+1.5% per year).

In value terms, Italy ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from China, comprising 56% of total exports. The second position in the ranking was taken by Iran ($X), with an 11% share of total exports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+127.3% per year) and Germany (+6.5% per year).

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, picking up by 32% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 297% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Thailand (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into China

In 2021, purchases abroad of extracts of glands or other organs or of their secretions decreased by -26.7% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 231%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, organ extracts imports shrank dramatically to $X in 2021. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 313%. Over the period under review, imports attained the peak figure at $X in 2020, and then declined dramatically in the following year.

Imports by Country

The United States (X kg), Brazil (X kg) and Germany (X kg) were the main suppliers of organ extracts imports to China, together accounting for 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +1,426.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to China, comprising 69% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Australia, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +83.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2,561.4% per year) and Australia (+687.2% per year).

Import Prices by Country

The average organ extracts import price stood at $X per kg in 2021, increasing by 12% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 155% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per kg), while the price for Germany ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+77.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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