Pakistan: Organ Extracts Market 2024

Organ Extracts Market Size in Pakistan

In 2021, the Pakistani organ extracts market decreased by -49.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt downturn. Organ extracts consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Organ Extracts Production in Pakistan

In value terms, organ extracts production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.1% against 2012 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Organ Extracts Exports

Exports from Pakistan

In 2021, overseas shipments of extracts of glands or other organs or of their secretions increased by 53% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 12,816%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, organ extracts exports soared to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 17,120%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for organ extracts exports from Pakistan, accounting for a 95% share of total exports. Moreover, organ extracts exports to Japan exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +35.2%.

In value terms, Japan ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Pakistan, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +55.6%.

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, surging by 5.8% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 59%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+15.1%).

Organ Extracts Imports

Imports into Pakistan

In 2021, overseas purchases of extracts of glands or other organs or of their secretions decreased by -91.8% to X kg, falling for the third year in a row after three years of growth. In general, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 649% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, organ extracts imports dropped significantly to $X in 2021. Over the period under review, imports showed a dramatic decline. The growth pace was the most rapid in 2014 with an increase of 180%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X kg), India (X kg) and Sri Lanka (X kg) were the main suppliers of organ extracts imports to Pakistan, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), China ($X) and India ($X) constituted the largest organ extracts suppliers to Pakistan, with a combined 94% share of total imports. France and Sri Lanka lagged somewhat behind, together comprising a further 2.7%.

In terms of the main suppliers, France, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2021, with an increase of 34% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 55%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+57.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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