CIS: Organ Extracts Market 2024

Organ Extracts Market Size in CIS

After two years of decline, the CIS organ extracts market increased by 14% to $X in 2021. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Organ Extracts Production in CIS

In value terms, organ extracts production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 42%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Organ Extracts Exports

Exports in CIS

Organ extracts exports reduced markedly to X tons in 2021, falling by -27.4% on the previous year. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 152%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organ extracts exports reduced rapidly to $X in 2021. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 422%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Belarus (X tons) was the key exporter of extracts of glands or other organs or of their secretions, creating 72% of total exports. Russia (X tons) ranks second in terms of the total exports with a 22% share, followed by Kazakhstan (5.6%).

Belarus was also the fastest-growing in terms of the extracts of glands or other organs or of their secretions exports, with a CAGR of +62.6% from 2012 to 2021. Kazakhstan (-24.5%) and Russia (-29.1%) illustrated a downward trend over the same period. Belarus (+72 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and Russia saw its share reduced by -7.1% and -65% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest organ extracts supplier in the CIS, comprising 76% of total exports. The second position in the ranking was taken by Belarus ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -20.5%. In the other countries, the average annual rates were as follows: Belarus (+34.9% per year) and Kazakhstan (-21.3% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, shrinking by -51.4% against the previous year. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in 2020 when the export price increased by 107%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.0%), while the other leaders experienced mixed trends in the export price figures.

Organ Extracts Imports

Imports in CIS

In 2021, the amount of extracts of glands or other organs or of their secretions imported in the CIS expanded remarkably to X tons, picking up by 14% on the previous year. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.2% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 99% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, organ extracts imports rose to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 81% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the main importer of extracts of glands or other organs or of their secretions in the CIS, with the volume of imports recording X tons, which was near 81% of total imports in 2021. It was distantly followed by Belarus (X tons), constituting a 12% share of total imports. Kyrgyzstan (X tons) and Uzbekistan (X tons) held a little share of total imports.

Imports into Russia increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, Kyrgyzstan (+73.9%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +73.9% from 2012-2021. By contrast, Belarus (-10.1%) and Uzbekistan (-21.1%) illustrated a downward trend over the same period. While the share of Russia (+34 p.p.), Kyrgyzstan (+4 p.p.) and Uzbekistan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-26.3 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in the CIS, comprising 71% of total imports. The second position in the ranking was held by Belarus ($X), with a 25% share of total imports. It was followed by Uzbekistan, with a 1% share.

In Russia, organ extracts imports expanded at an average annual rate of +15.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+5.6% per year) and Uzbekistan (-28.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, shrinking by -10.8% against the previous year. In general, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when the import price increased by 86% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, 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 Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+17.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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