U.S.: Organ Extracts Market 2024

Organ Extracts Market Size in the U.S.

The U.S. organ extracts market fell significantly to $X in 2021, dropping by -38.7% against the previous year. Over the period under review, consumption, however, saw temperate growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Organ Extracts Production in the U.S.

In value terms, organ extracts production totaled $X in 2021. In general, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58% against the previous year. 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 the U.S.

In 2021, approx. X tons of extracts of glands or other organs or of their secretions were exported from the United States; increasing by 66% against the previous year's figure. In general, exports continue to indicate modest growth. The most prominent rate of growth was recorded in 2019 with an increase of 91%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, organ extracts exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.7% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for organ extracts exports from the United States, with a 86% share of total exports. It was followed by Germany (X tons), with a 2.7% share of total exports. China (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+30.2% per year) and China (+32.0% per year).

In value terms, the largest markets for organ extracts exported from the United States were South Korea ($X), the UK ($X) and China ($X), with a combined 35% share of total exports. These countries were followed by Germany, Russia and Mexico, which together accounted for a further 6.8%.

Among the main countries of destination, Germany, with a CAGR of +22.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the UK ($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 (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into the U.S.

In 2021, after two years of growth, there was significant decline in overseas purchases of extracts of glands or other organs or of their secretions, when their volume decreased by -17.9% to X tons. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 162%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, organ extracts imports shrank to $X in 2021. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 218%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

China (X tons), Denmark (X tons) and Spain (X tons) were the main suppliers of organ extracts imports to the United States, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +343.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to the United States, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 9.4% share of total imports. It was followed by Japan, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +243.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+80.7% per year) and Japan (+9.5% per year).

Import Prices by Country

In 2021, the average organ extracts import price amounted to $X per ton, surging by 5.9% against the previous year. Over the period under review, the import price posted a prominent increase. The growth pace was the most rapid in 2019 when the average import price increased by 108% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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