Northern America: Organ Extracts Market 2024

Organ Extracts Market Size in Northern America

The North American organ extracts market shrank significantly to $X in 2021, with a decrease of -30.1% against the previous year. Overall, consumption, however, posted notable growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Organ Extracts Production in Northern America

In value terms, organ extracts production amounted to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Organ Extracts Exports

Exports in Northern America

Organ extracts exports soared to X tons in 2021, jumping by 61% against the year before. Over the period under review, exports saw a mild expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 84%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, organ extracts exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.1% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United States (X tons), together accounting for 99% of total export.

The United States was also the fastest-growing in terms of the extracts of glands or other organs or of their secretions exports, with a CAGR of +1.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest organ extracts supplier in Northern America.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +6.6%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the export price saw resilient growth. The growth pace was the most rapid in 2016 an increase of 39%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +5.2% per year.

Organ Extracts Imports

Imports in Northern America

In 2021, supplies from abroad of extracts of glands or other organs or of their secretions increased by 44% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 when imports increased by 225%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, organ extracts imports contracted to $X in 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 127% against the previous year. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

Canada prevails in imports structure, finishing at X tons, which was near 97% of total imports in 2021. The United States (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the extracts of glands or other organs or of their secretions imports, with a CAGR of +21.9% from 2012 to 2021. At the same time, the United States (+6.8%) displayed positive paces of growth. From 2012 to 2021, the share of Canada increased by +7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported extracts of glands or other organs or of their secretions in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +13.9%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, dropping by -35.7% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 368% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%).

Source: IndexBox Platform

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