India: Organ Extracts Market 2024

Organ Extracts Market Size in India

The Indian organ extracts market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Organ extracts consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Organ Extracts Production in India

In value terms, organ extracts production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Organ Extracts Exports

Exports from India

In 2021, exports of extracts of glands or other organs or of their secretions from India dropped to X tons, declining by -11.2% against the year before. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 108%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, organ extracts exports reduced markedly to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 63% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for organ extracts exports from India, with a 40% share of total exports. Moreover, organ extracts exports to Chile exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. Nepal (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+32.3% per year) and Nepal (+21.1% per year).

In value terms, the largest markets for organ extracts exported from India were Chile ($X), Mali ($X) and Nigeria ($X), together comprising 34% of total exports.

Nigeria, with a CAGR of +24.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, shrinking by -29.8% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 168%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($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 Singapore (-1.9%), while the prices for the other major destinations experienced a decline.

Organ Extracts Imports

Imports into India

In 2021, supplies from abroad of extracts of glands or other organs or of their secretions decreased by -52.7% to X kg, falling for the third consecutive year after two years of growth. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 when imports increased by 992%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, organ extracts imports soared to $X in 2021. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 3,058% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X kg) constituted the largest supplier of organ extracts to India, accounting for a 75% share of total imports. Moreover, organ extracts imports from Australia exceeded the figures recorded by the second-largest supplier, France (X kg), eightfold. South Africa (X kg) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +147.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.1% per year) and South Africa (-7.2% per year).

In value terms, Australia ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to India, comprising 84% of total imports. The second position in the ranking was held by France ($X), with a 4.2% share of total imports. It was followed by New Zealand, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia amounted to +211.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.3% per year) and New Zealand (+363.5% per year).

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per kg, picking up by 162% against the previous year. Over the period under review, the import price showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 190%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+47.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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