Sweden: Organ Extracts Market 2024

Organ Extracts Market Size in Sweden

In 2021, after two years of growth, there was decline in the Swedish organ extracts market, when its value decreased by -3.2% to $X. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.8% against 2018 indices. Organ extracts consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Organ Extracts Production in Sweden

In value terms, organ extracts production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 7%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Organ Extracts Exports

Exports from Sweden

In 2021, after two years of decline, there was significant growth in overseas shipments of extracts of glands or other organs or of their secretions, when their volume increased by 119% to X tons. In general, exports, however, saw a sharp descent. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, organ extracts exports soared to $X in 2021. Over the period under review, exports, however, showed a perceptible shrinkage. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X kg), the United States (X kg) and the UK (X kg) were the main destinations of organ extracts exports from Sweden, together comprising 63% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +15.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the UK ($X) and the United States ($X) appeared to be the largest markets for organ extracts exported from Sweden worldwide, with a combined 87% share of total exports.

The UK, with a CAGR of +64.3%, saw the highest rates of growth with regard to 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, picking up by 434% against the previous year. Overall, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Australia ($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 Iceland (+60.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Sweden

In 2021, imports of extracts of glands or other organs or of their secretions into Sweden surged to X tons, growing by 20% against the previous year. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organ extracts imports totaled $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.9% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 37%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X kg) and the UK (X kg) were the main suppliers of organ extracts imports to Sweden, together comprising 80% of total imports. These countries were followed by Canada, Switzerland and Japan, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +68.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Sweden, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by the UK, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.3% per year) and the UK (+30.6% per year).

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per ton, declining by -11.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 4.3%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($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 (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :