MERCOSUR: Organ Extracts Market 2024

Organ Extracts Market Size in MERCOSUR

The MERCOSUR organ extracts market expanded modestly to $X in 2021, increasing by 3% against the previous year. In general, consumption showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Organ Extracts Production in MERCOSUR

In value terms, organ extracts production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 153%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Organ Extracts Exports

Exports in MERCOSUR

In 2021, overseas shipments of extracts of glands or other organs or of their secretions were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 87% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, organ extracts exports rose to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 48%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay was the key exporter of extracts of glands or other organs or of their secretions in MERCOSUR, with the volume of exports recording X tons, which was approx. 82% of total exports in 2021. It was distantly followed by Argentina (X tons), mixing up an 11% share of total exports. Brazil (X tons) and Colombia (X tons) followed a long way behind the leaders.

Uruguay was also the fastest-growing in terms of the extracts of glands or other organs or of their secretions exports, with a CAGR of +14.1% from 2012 to 2021. At the same time, Brazil (+6.5%) and Colombia (+2.2%) displayed positive paces of growth. By contrast, Argentina (-8.7%) illustrated a downward trend over the same period. While the share of Uruguay (+36 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-35 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest organ extracts supplier in MERCOSUR, comprising 50% of total exports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total exports. It was followed by Uruguay, with a 19% share.

In Argentina, organ extracts exports decreased by an average annual rate of -14.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-15.3% per year) and Uruguay (+7.9% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 41%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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 Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (-5.4%), while the other leaders experienced a decline in the export price figures.

Organ Extracts Imports

Imports in MERCOSUR

After two years of growth, purchases abroad of extracts of glands or other organs or of their secretions decreased by -22.5% to X tons in 2021. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 63%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organ extracts imports fell sharply to $X in 2021. Over the period under review, imports recorded a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 27%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) represented the main importer of extracts of glands or other organs or of their secretions, achieving 49% of total imports. Venezuela (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (15%) and Paraguay (7%). The following importers - Peru (X kg) and Chile (X kg) - each accounted for a 5.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to organ extracts imports into Brazil stood at -7.6%. At the same time, Colombia (+19.5%) and Chile (+6.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +19.5% from 2012-2021. Paraguay experienced a relatively flat trend pattern. By contrast, Peru (-4.8%) and Venezuela (-13.7%) illustrated a downward trend over the same period. While the share of Colombia (+13 p.p.), Paraguay (+3.9 p.p.) and Chile (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Venezuela (-18.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Venezuela ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in MERCOSUR, comprising 59% of total imports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total imports. It was followed by Colombia, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in Venezuela stood at -16.7%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-38.6% per year) and Colombia (+9.8% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per kg, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, import prices reached the peak figure at $X per kg in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform