Report Update Nov 1, 2024

Republic of Korea - Extracts of Glands or Other Organs or of Their Secretions - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Organ Extracts Market 2024

Organ Extracts Market Size in Republic of Korea

In 2021, the South Korean organ extracts market decreased by -50.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Organ Extracts Exports

Exports from Republic of Korea

In 2021, shipments abroad of extracts of glands or other organs or of their secretions increased by 30% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 161%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, organ extracts exports surged to $X in 2021. In general, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 270% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Japan (X tons) and Mongolia (X kg) were the main destinations of organ extracts exports from South Korea, together accounting for 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mongolia (with a CAGR of +76.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for extracts of glands or other organs or of their secretions exports from South Korea, comprising 73% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 13% share of total exports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+40.8% per year) and Japan (-17.2% per year).

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, falling by -3.9% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum 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 Bolivia ($X per ton), while the average price for exports to Thailand ($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 Bolivia (+34.8%), while the prices for the other major destinations experienced mixed trend patterns.

Organ Extracts Imports

Imports into Republic of Korea

After two years of growth, supplies from abroad of extracts of glands or other organs or of their secretions decreased by -42% to X tons in 2021. Over the period under review, imports saw a precipitous decline. The growth pace was the most rapid in 2016 when imports increased by 239%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, organ extracts imports fell dramatically to $X in 2021. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 290%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), New Zealand (X tons) and Japan (X tons) were the main suppliers of organ extracts imports to South Korea, with a combined 80% share of total imports. These countries were followed by the United States, Denmark, Argentina, Germany and Italy, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +0.1%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X), New Zealand ($X) and Germany ($X) were the largest organ extracts suppliers to South Korea, with a combined 85% share of total imports.

Germany, with a CAGR of +48.2%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per ton, rising by 2.9% against the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2018 when the average import price increased by 40%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+64.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for extracts of glands or other organs or of their secretions in the world?

Germany remains the largest organ extracts consuming country worldwide, comprising approx. 92% of total volume. It was followed by the United States, with a 2.6% share of total consumption.

What are the largest producers of extracts of glands or other organs or of their secretions in the world?

The countries with the highest volumes of organ extracts production in 2021 were the United States, Austria and Cuba, together comprising 72% of global production. These countries were followed by Denmark, Spain, Italy and Australia, which together accounted for a further 20%.

What are the leading suppliers of extracts of glands or other organs or of their secretions to Republic of Korea?

In value terms, China constituted the largest supplier of organ extracts to South Korea, comprising 55% of total imports. The second position in the ranking was occupied by Japan, with a 21% share of total imports. It was followed by New Zealand, with a 15% share.

What are the leading importers of extracts of glands or other organs or of their secretions from Republic of Korea?

In value terms, China emerged as the key foreign market for organ extracts exports from South Korea, comprising 69% of total exports. The second position in the ranking was occupied by Vietnam, with a 12% share of total exports. It was followed by the United States, with a 6.7% share.

What is the average export price for extracts of glands or other organs or of their secretions in Republic of Korea?

The average organ extracts export price stood at $149,986 per ton in 2021, falling by -22.2% against the previous year.

What is the average import price for extracts of glands or other organs or of their secretions in Republic of Korea?

The average organ extracts import price stood at $668,409 per ton in 2021, falling by -15.9% against the previous year.

This report provides an in-depth analysis of the organ extracts market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21106020 - Extracts of glands or other organs or of their secretions (for organo-therapeutic uses)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023