Eastern Europe: Organ Extracts Market 2024

Organ Extracts Market Size in Eastern Europe

The East European organ extracts market shrank to $X in 2021, waning by -15% against the previous year. Overall, consumption recorded a mild contraction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Organ Extracts Production in Eastern Europe

In value terms, organ extracts production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Organ Extracts Exports

Exports in Eastern Europe

Organ extracts exports expanded significantly to X tons in 2021, picking up by 14% compared with 2020. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2019 with an increase of 548%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organ extracts exports expanded markedly to $X in 2021. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 171%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which recorded 52% of total exports. Belarus (X tons) took the second position in the ranking, distantly followed by Russia (X tons) and Lithuania (X tons). All these countries together held near 42% share of total exports. Slovakia (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +75.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Lithuania ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 15% share of total exports.

In terms of the main exporting countries, Lithuania, with a CAGR of +70.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, reducing by -6% against the previous year. Overall, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 410% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+20.0%), while the other leaders experienced mixed trends in the export price figures.

Organ Extracts Imports

Imports in Eastern Europe

Organ extracts imports expanded modestly to X tons in 2021, rising by 2.9% compared with 2020 figures. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 143%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, organ extracts imports surged to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 146% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons) and Hungary (X tons) prevails in imports structure, together constituting 81% of total imports. Poland (X tons) took a 7.3% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (6.2%). Lithuania (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lithuania (with a CAGR of +154.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organ extracts importing markets in Eastern Europe were Russia ($X), Hungary ($X) and Belarus ($X), together comprising 77% of total imports.

Hungary, with a CAGR of +52.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, growing by 13% against the previous year. In general, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 127%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while Hungary ($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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