Denmark: Organ Extracts Market 2024

Organ Extracts Market Size in Denmark

The Danish organ extracts market soared to $X in 2021, growing by 74% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 +106.8% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Organ Extracts Production in Denmark

In value terms, organ extracts production surged to $X in 2021 estimated in export price. In general, production posted a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Organ Extracts Exports

Exports from Denmark

In 2021, approx. X tons of extracts of glands or other organs or of their secretions were exported from Denmark; with a decrease of -12.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, organ extracts exports skyrocketed to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +24.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 60% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Japan (X tons) was the main destination for organ extracts exports from Denmark, accounting for a 60% share of total exports. Moreover, organ extracts exports to Japan exceeded the volume sent to the second major destination, Germany (X tons), eightfold. Hungary (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.7% per year) and Hungary (+57.1% per year).

In value terms, Japan ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Denmark, comprising 52% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.7% share of total exports. It was followed by Germany, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+80.4% per year) and Germany (+21.9% per year).

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, surging by 38% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 Belgium ($X per ton), while the average price for exports to Hungary ($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 the United States (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Denmark

In 2021, the amount of extracts of glands or other organs or of their secretions imported into Denmark skyrocketed to X tons, growing by 122% against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, organ extracts imports soared to $X in 2021. In general, imports saw a modest expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 84%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of organ extracts to Denmark, with a 70% share of total imports. Moreover, organ extracts imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+216.2% per year) and the United States (+3.3% per year).

In value terms, the United States ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Denmark, comprising 47% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.9% per year) and Italy (+221.8% per year).

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2021, shrinking by -24.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 130% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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