South-Eastern Asia: Organ Extracts Market 2024

Organ Extracts Market Size in South-Eastern Asia

The Southeast Asian organ extracts market skyrocketed to $X in 2021, growing by 57% against the previous year. Over the period under review, consumption, however, continues to indicate strong growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Organ Extracts Production in South-Eastern Asia

In value terms, organ extracts production contracted notably to $X in 2021 estimated in export price. In general, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,802% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Organ Extracts Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of extracts of glands or other organs or of their secretions were exported in South-Eastern Asia; which is down by -93.9% against 2020. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2013 when exports increased by 2,884% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, organ extracts exports fell significantly to $X in 2021. Overall, exports recorded a pronounced decline. The growth pace was the most rapid in 2013 with an increase of 1,866%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and Thailand (X tons) represented roughly 74% of total exports in 2021. It was distantly followed by Singapore (X tons), making up a 15% share of total exports. The following exporters - Cambodia (X kg), Myanmar (X kg), Vietnam (X kg) and the Philippines (X kg) - together made up 10% of total exports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +78.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the largest organ extracts supplier in South-Eastern Asia, comprising 89% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 5.9% share of total exports. It was followed by Singapore, with a 3.1% share.

In Thailand, organ extracts exports plunged by an average annual rate of -2.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+54.0% per year) and Singapore (+3.0% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, picking up by 397% against the previous year. Overall, the export price posted a resilient expansion. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+35.5%), while the other leaders experienced more modest paces of growth.

Organ Extracts Imports

Imports in South-Eastern Asia

After three years of decline, overseas purchases of extracts of glands or other organs or of their secretions increased by 2.1% to X tons in 2021. Over the period under review, imports continue to indicate a mild increase. The growth pace was the most rapid in 2017 when imports increased by 66% against the previous year. 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 amounted to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 80% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of extracts of glands or other organs or of their secretions, namely Thailand, Vietnam, Indonesia, Singapore and the Philippines, represented more than two-thirds of total import. It was distantly followed by Malaysia (X tons), generating a 5.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organ extracts importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Thailand ($X), together comprising 70% of total imports.

Vietnam, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 4.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 71% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+27.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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