Saudi Arabia: Organ Extracts Market 2024

Organ Extracts Market Size in Saudi Arabia

In 2021, the Saudi organ extracts market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Organ Extracts Production in Saudi Arabia

In value terms, organ extracts production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 31%. Organ extracts production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Organ Extracts Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of extracts of glands or other organs or of their secretions decreased by -97% to X kg in 2021. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 598% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, organ extracts exports dropped markedly to $X in 2021. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 728%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for organ extracts exports from Saudi Arabia, accounting for a 78% share of total exports. Moreover, organ extracts exports to Germany exceeded the volume sent to the second major destination, France (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.5% per year) and Canada (-12.3% per year).

In value terms, France ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Saudi Arabia, comprising 1,382% of total exports. The second position in the ranking was taken by Germany ($X), with a 201% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.2% per year) and Canada (+14.0% per year).

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, jumping by 16% against the previous year. In general, the export price posted a moderate increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 750%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 the United States (+674.3%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Saudi Arabia

In 2021, approx. X kg of extracts of glands or other organs or of their secretions were imported into Saudi Arabia; reducing by -77.9% compared with 2020. Overall, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2017 with an increase of 4,193%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, organ extracts imports dropped notably to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 2,255%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

France (X kg), the UK (X kg) and India (X kg) were the main suppliers of organ extracts imports to Saudi Arabia.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +1,700.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and France ($X) constituted the largest organ extracts suppliers to Saudi Arabia.

In terms of the main suppliers, France, with a CAGR of +51.0%, saw the highest growth rate of 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

In 2021, the average organ extracts import price amounted to $X per ton, jumping by 51% against the previous year. Overall, the import price showed a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by 2,104% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :