Russian Federation: Organ Extracts Market 2024

Organ Extracts Market Size in the Russian Federation

The Russian organ extracts market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption showed strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Organ Extracts Exports

Exports from the Russian Federation

In 2021, the amount of extracts of glands or other organs or of their secretions exported from Russia shrank dramatically to X tons, with a decrease of -61.9% against the year before. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 341% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, organ extracts exports reduced markedly to $X in 2021. Overall, exports faced a dramatic downturn. The growth pace was the most rapid in 2020 when exports increased by 554%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X tons) was the main destination for organ extracts exports from Russia, accounting for a 49% share of total exports. Moreover, organ extracts exports to Tajikistan exceeded the volume sent to the second major destination, Finland (X kg), threefold. The third position in this ranking was held by Ukraine (X kg), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tajikistan totaled +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+94.9% per year) and Ukraine (+22.9% per year).

In value terms, the largest markets for organ extracts exported from Russia were Finland ($X), Ukraine ($X) and Moldova ($X), together comprising 60% of total exports. These countries were followed by Tajikistan, Armenia, Azerbaijan, Kazakhstan, Belarus and Uzbekistan, which together accounted for a further 29%.

Kazakhstan, with a CAGR of +59.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, with a decrease of -23.3% against the previous year. Overall, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2013 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then shrank significantly in the following year.

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 Moldova ($X per ton), while the average price for exports to Tajikistan ($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 Hong Kong SAR (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into the Russian Federation

In 2021, organ extracts imports into Russia surged to X tons, picking up by 45% against the year before. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 345% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, organ extracts imports surged to $X in 2021. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 309%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest organ extracts supplier to Russia, accounting for a 89% share of total imports. Moreover, organ extracts imports from the United States exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+6.8% per year) and Japan (+41.1% per year).

In value terms, the largest organ extracts suppliers to Russia were the United States ($X), Japan ($X) and Denmark ($X), with a combined 86% share of total imports. These countries were followed by Italy and Belarus, which together accounted for a further 10%.

Among the main suppliers, Belarus, with a CAGR of +43.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2021, reducing by -16.2% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of 120%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+61.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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