Sri Lanka: Organ Extracts Market 2025

Organ Extracts Market Size in Sri Lanka

The Sri Lankan organ extracts market surged to $X in 2021, growing by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a deep reduction. Organ extracts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Organ Extracts Exports

Exports from Sri Lanka

In 2021, the amount of extracts of glands or other organs or of their secretions exported from Sri Lanka fell remarkably to X kg, waning by -20% on 2020 figures. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 1,300%. As a result, the exports attained the peak of X kg. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, organ extracts exports skyrocketed to $X in 2021. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 3,795%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) and Egypt (X kg) were the main destinations of organ extracts exports from Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of 0.0%).

In value terms, Yemen ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Sri Lanka, comprising 95% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 1% share of total exports. It was followed by Egypt, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen stood at +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Egypt (-29.3% per year).

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2021, surging by 78% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,131% against the previous year. 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.

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 Yemen ($X per ton), while the average price for exports to China ($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 South Korea (+141.5%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Sri Lanka

In 2021, after two years of decline, there was significant growth in purchases abroad of extracts of glands or other organs or of their secretions, when their volume increased by 35% to X kg. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 1,400%. Imports peaked at X kg in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, organ extracts imports soared to $X in 2021. In general, imports, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 207% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X kg) was the main organ extracts supplier to Sri Lanka, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled -9.2%.

In value terms, the UK ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Sri Lanka, comprising 98% of total imports. The second position in the ranking was held by the United States ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-23.8% per year) and India (-41.6% per year).

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the import price, however, showed a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by 217% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+28.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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