Middle East: Organ Extracts Market 2024

Organ Extracts Market Size in the Middle East

The Middle Eastern organ extracts market reached $X in 2021, rising by 12% against the previous year. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Organ Extracts Production in the Middle East

In value terms, organ extracts production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 39%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Organ Extracts Exports

Exports in the Middle East

In 2021, exports of extracts of glands or other organs or of their secretions in the Middle East shrank modestly to X tons, which is down by -4.6% compared with 2020 figures. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 198% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, organ extracts exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a mild increase. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X tons, which reached 59% 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 (8.3%). Saudi Arabia (X kg) followed a long way behind the leaders.

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%) and Kuwait (+16.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, 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 (+56 p.p.), Turkey (+16 p.p.), Israel (+7.5 p.p.) and Kuwait (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -86.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) emerged as the largest organ extracts supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Israel, with a 7.6% 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 the Middle East stood at $X per ton in 2021, increasing by 337% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 mixed trends in the export price figures.

Organ Extracts Imports

Imports in the Middle East

In 2021, imports of extracts of glands or other organs or of their secretions in the Middle East dropped to X tons, with a decrease of -12.6% against the previous year. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 225% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, organ extracts imports soared to $X in 2021. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 122%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Iran (X tons), distantly followed by Israel (X tons), the United Arab Emirates (X tons), Lebanon (X tons) and Qatar (X tons) were the largest importers of extracts of glands or other organs or of their secretions, together constituting 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in the Middle East, comprising 46% of total imports. The second position in the ranking was held by Israel ($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 expanded 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 the Middle East amounted to $X per ton, rising by 83% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Israel ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :