Slovakia: Organ Extracts Market 2024

Organ Extracts Market Size in Slovakia

In 2021, the Slovak organ extracts market increased by 5.5% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Organ Extracts Production in Slovakia

In value terms, organ extracts production reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 69%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Organ Extracts Exports

Exports from Slovakia

In 2021, shipments abroad of extracts of glands or other organs or of their secretions decreased by -5.1% to X kg, falling for the fifth year in a row after two years of growth. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, organ extracts exports shrank markedly to $X in 2021. Over the period under review, exports, however, saw measured growth. The pace of growth was the most pronounced in 2016 with an increase of 117%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X kg), the Czech Republic (X kg) and the Netherlands (X kg) were the main destinations of organ extracts exports from Slovakia, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Slovakia, comprising 68% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 23% share of total exports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+33.1% per year) and the Netherlands (+27.8% per year).

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, shrinking by -12.8% against the previous year. In general, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 91%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Lithuania (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Slovakia

After two years of decline, overseas purchases of extracts of glands or other organs or of their secretions increased by 21% to X kg in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,033%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, organ extracts imports declined remarkably to $X in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 7,365% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X kg) was the main supplier of organ extracts to Slovakia, with a 99% share of total imports. It was followed by Germany (X kg), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +130.3%.

In value terms, the Czech Republic ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Slovakia, comprising 100% of total imports. The second position in the ranking was held by Germany ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +149.7%.

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per kg, falling by -40.9% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 673%. As a result, import price attained the peak level of $X per kg. From 2015 to 2021, the average 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 the Czech Republic ($X per kg), while the price for Germany stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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