MENA: Organ Extracts Market 2024

Organ Extracts Market Size in MENA

The MENA's organ extracts market stood at $X in 2021, with an increase of 14% against the previous year. Overall, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Organ Extracts Production in MENA

In value terms, organ extracts production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 39%. 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 MENA

For the third consecutive year, MENA recorded decline in shipments abroad of extracts of glands or other organs or of their secretions, which decreased by -1.8% to X tons in 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 176% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, organ extracts exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X tons, which accounted for 56% of total exports. Turkey (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Israel (12%) and Kuwait (8%). The following exporters - Egypt (X kg) and Saudi Arabia (X kg) - together made up 4.7% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +28.4% from 2012 to 2021. At the same time, Turkey (+188.2%), Egypt (+45.7%) and Kuwait (+16.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +188.2% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-40.5%) illustrated a downward trend over the same period. The United Arab Emirates (+54 p.p.), Turkey (+16 p.p.), Kuwait (+7.2 p.p.), Israel (+7.1 p.p.) and Egypt (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -84.9% from 2012 to 2021, respectively.

In value terms, Turkey ($X) emerged as the largest organ extracts supplier in MENA, comprising 70% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Israel, with a 7.4% share.

In Turkey, organ extracts exports expanded at an average annual rate of +60.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.0% per year) and Israel (-12.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, increasing by 326% against the previous year. In general, the export price continues to indicate a resilient increase. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.8%), while the other leaders experienced more modest paces of growth.

Organ Extracts Imports

Imports in MENA

In 2021, the amount of extracts of glands or other organs or of their secretions imported in MENA contracted to X tons, which is down by -9.8% compared with the previous year's figure. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 127%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, organ extracts imports skyrocketed to $X in 2021. Overall, imports, however, showed resilient growth. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Iran (X tons), distantly followed by Israel (X tons), the United Arab Emirates (X tons) and Lebanon (X tons) were the major importers of extracts of glands or other organs or of their secretions, together creating 86% of total imports. Qatar (X tons), Algeria (X tons) and Tunisia (X tons) took a little 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 Qatar (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in MENA, comprising 45% of total imports. The second position in the ranking was held by Israel ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 17% share.

In Iran, organ extracts imports increased at an average annual rate of +15.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+24.1% per year) and the United Arab Emirates (+11.4% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, increasing by 77% against the previous year. In general, the import price, however, recorded a noticeable descent. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform