Peru: Organ Extracts Market 2024

Organ Extracts Market Size in Peru

The Peruvian organ extracts market fell modestly to $X in 2021, with a decrease of -1.7% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Organ Extracts Production in Peru

In value terms, organ extracts production contracted slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Organ Extracts Exports

Exports from Peru

In 2021, exports of extracts of glands or other organs or of their secretions from Peru skyrocketed to X kg, jumping by 296% on 2020 figures. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 197,967% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of 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 pace of growth was the most pronounced in 2013 when exports increased by 118,886%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for organ extracts exports from Peru, accounting for a 35% share of total exports. Moreover, organ extracts exports to Germany exceeded the volume sent to the second major destination, Spain (X kg), twofold. South Korea (X kg) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +82.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.3% per year) and South Korea (-24.6% per year).

In value terms, France ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Peru, comprising 16% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.4% share of total exports. It was followed by Bulgaria, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +1,450.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+99.1% per year) and Bulgaria (-10.5% per year).

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, with an increase of 63% against the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 170% against the previous year. The export price peaked 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 destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Korea ($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 France (+2,050.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Peru

In 2021, the amount of extracts of glands or other organs or of their secretions imported into Peru skyrocketed to X kg, rising by 1,480% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 1,797%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, organ extracts imports skyrocketed to $X in 2021. Overall, imports posted a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,521%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X kg), New Zealand (X kg) and the United States (X kg) were the main suppliers of organ extracts imports to Peru, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +65.6%), while imports for the other leaders experienced a decline.

In value terms, New Zealand ($X), the United States ($X) and Argentina ($X) appeared to be the largest organ extracts suppliers to Peru, with a combined 79% share of total imports.

Argentina, with a CAGR of +35.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per ton, shrinking by -14.5% against the previous year. Overall, the import price, however, saw prominent growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 118%. The import price peaked at $X per ton in 2020, and then dropped in the following year.

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 ($X per ton), while the price for China ($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 UK (+60.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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