Portugal: Organ Extracts Market 2024

Organ Extracts Market Size in Portugal

In 2021, the Portuguese organ extracts market decreased by -10.9% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Organ Extracts Production in Portugal

In value terms, organ extracts production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a slight downturn. The growth pace was the most rapid in 2015 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Organ Extracts Exports

Exports from Portugal

In 2021, after three 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 40% to X kg. Overall, exports, however, recorded a sharp downturn. The growth pace was the most rapid in 2017 when exports increased by 66%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organ extracts exports surged to $X in 2021. In general, exports, however, recorded a dramatic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for organ extracts exports from Portugal, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -35.3%.

In value terms, the Netherlands ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Portugal, comprising 98% of total exports. The second position in the ranking was held by Angola ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at -47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-69.4% per year) and Spain (-71.0% per year).

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, waning by -14.5% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2015 an increase of 198%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Canada ($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 Angola (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Organ Extracts Imports

Imports into Portugal

In 2021, after three years of growth, there was significant decline in overseas purchases of extracts of glands or other organs or of their secretions, when their volume decreased by -85.2% to X kg. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 1,366%. As a result, imports attained the peak of X kg, and then contracted markedly in the following year.

In value terms, organ extracts imports dropped notably to $X in 2021. Overall, imports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2018 with an increase of 2,049% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X kg), Germany (X kg) and the United States (X kg) were the main suppliers of organ extracts imports to Portugal, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +54.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Portugal, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by New Zealand, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +94.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+98.0% per year) and New Zealand (0.0% per year).

Import Prices by Country

The average organ extracts import price stood at $X per kg in 2021, picking up by 25% against the previous year. Overall, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 466%. Over the period under review, average import prices hit record highs at $X per kg 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 Germany ($X per kg), while the price for Serbia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+48.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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