United Arab Emirates: Organ Extracts Market 2024

Organ Extracts Market Size in the United Arab Emirates

The organ extracts market in the United Arab Emirates fell markedly to $X in 2021, dropping by -40.4% 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). Over the period under review, consumption, however, recorded a prominent increase. 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 Exports

Exports from the United Arab Emirates

After two years of decline, shipments abroad of extracts of glands or other organs or of their secretions increased by 103% to X tons in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 6,955% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, organ extracts exports soared to $X in 2021. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2015 when exports increased by 2,316% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X kg), Oman (X kg) and Spain (X kg) were the main destinations of organ extracts exports from the United Arab Emirates, with a combined 5.8% share 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 Oman (with a CAGR of +39.3%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from the United Arab Emirates, comprising 77% of total exports. The second position in the ranking was taken by Germany ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +156.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.0% per year) and Spain (+0.7% per year).

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Oman ($X per ton), while the average price for exports to Germany ($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 Oman (+83.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of extracts of glands or other organs or of their secretions increased by 291% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,178%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, organ extracts imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 617%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The UK (X kg), China (X kg) and the United States (X kg) were the main suppliers of organ extracts imports to the United Arab Emirates, with a combined 17% share of total imports. India lagged somewhat behind, accounting for a further 0.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +81.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the UK ($X) and the United States ($X) appeared to be the largest organ extracts suppliers to the United Arab Emirates, with a combined 90% share of total imports. These countries were followed by India, which accounted for a further 2.1%.

Among the main suppliers, India, with a CAGR of +113.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2021, dropping by -34.6% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 104%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($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 UK (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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