New Zealand: Organ Extracts Market 2024

Organ Extracts Market Size in New Zealand

After two years of growth, the New Zealand organ extracts market decreased by -23.1% to $X in 2021. Overall, consumption recorded a abrupt slump. Organ extracts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Organ Extracts Production in New Zealand

In value terms, organ extracts production reduced slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 4.5% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Organ Extracts Exports

Exports from New Zealand

In 2021, after two years of decline, there was significant growth in overseas shipments of extracts of glands or other organs or of their secretions, when their volume increased by 53% to X tons. Overall, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of 182% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, organ extracts exports soared to $X in 2021. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 160% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of organ extracts exports from New Zealand, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +110.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organ extracts exported from New Zealand were South Korea ($X), the United States ($X) and India ($X), together comprising 90% of total exports.

In terms of the main countries of destination, India, with a CAGR of +103.5%, recorded 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 average organ extracts export price amounted to $X per ton, waning by -10% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of 30%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 the United States (+13.3%), while the prices for the other major destinations experienced a decline.

Organ Extracts Imports

Imports into New Zealand

For the fourth consecutive year, New Zealand recorded growth in overseas purchases of extracts of glands or other organs or of their secretions, which increased by 4.1% to X tons in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 572% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, organ extracts imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 202%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X tons), Georgia (X kg) and the United States (X kg) were the main suppliers of organ extracts imports to New Zealand, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Georgia (with a CAGR of +98.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Georgia ($X) and the United States ($X) appeared to be the largest organ extracts suppliers to New Zealand, with a combined 99% share of total imports.

Georgia, with a CAGR of +55.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per ton, jumping by 75% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 396% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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