EU: Organ Extracts Market 2024

Organ Extracts Market Size in the EU

The EU organ extracts market skyrocketed to $X in 2021, surging by 43% against the previous year. Overall, consumption posted significant growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Organ Extracts Production in the EU

In value terms, organ extracts production fell to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.9% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 31%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Organ Extracts Exports

Exports in the EU

In 2021, organ extracts exports in the European Union was estimated at X tons, stabilizing at 2020 figures. Overall, exports posted a tangible increase. The pace of growth was the most pronounced in 2019 when exports increased by 445% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, organ extracts exports rose remarkably to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 26%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Austria prevails in exports structure, amounting to X tons, which was near 85% of total exports in 2021. It was distantly followed by Denmark (X tons), committing an 8.1% share of total exports. Spain (X tons) and Italy (X tons) held a relatively small share of total exports.

Exports from Austria increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Spain (+25.5%), Denmark (+3.8%) and Italy (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +25.5% from 2012-2021. While the share of Austria (+7.8 p.p.) and Spain (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest organ extracts supplying countries in the European Union were Denmark ($X), Italy ($X) and Spain ($X), together accounting for 65% of total exports.

In terms of the main exporting countries, Spain, with a CAGR of +36.2%, saw the highest rates of growth with regard to 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 the European Union amounted to $X per ton, picking up by 5.4% against the previous year. Over the period under review, the export price showed a modest increase. The pace of growth appeared the most rapid in 2013 when the export price increased by 209% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 Italy ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the other leaders experienced more modest paces of growth.

Organ Extracts Imports

Imports in the EU

In 2021, overseas purchases of extracts of glands or other organs or of their secretions increased by 64% to X tons, rising for the fifth year in a row after four years of decline. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 343% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, organ extracts imports shrank to $X in 2021. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 91%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2021, Germany (X tons) was the major importer of extracts of glands or other organs or of their secretions in the European Union, generating 100% of total import.

Germany was also the fastest-growing in terms of the extracts of glands or other organs or of their secretions imports, with a CAGR of +41.8% from 2012 to 2021. From 2012 to 2021, the share of Germany increased by +3.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in the European Union.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +31.1%.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, which is down by -45.6% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by 345%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -7.5% per year.

Source: IndexBox Platform

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