Asia-Pacific: Organ Extracts Market 2024

Organ Extracts Market Size in Asia-Pacific

In 2022, the Asia-Pacific organ extracts market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Organ Extracts Production in Asia-Pacific

In value terms, organ extracts production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Organ Extracts Exports

Exports in Asia-Pacific

Organ extracts exports reached X tons in 2022, picking up by X% compared with the previous year's figure. Overall, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, organ extracts exports fell to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) and New Zealand (X tons) represented the largest exporters of extracts of glands or other organs or of their secretions in Asia-Pacific, together constituting X% of total exports. Vietnam (X tons) took the next position in the ranking, followed by China (X tons) and India (X tons). All these countries together held near X% share of total exports. The following exporters - Malaysia (X tons) and Japan (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest organ extracts supplying countries in Asia-Pacific were Australia ($X), China ($X) and Japan ($X), together accounting for X% of total exports. New Zealand, Vietnam, India and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, saw 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 2022, the export price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X,318 per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Organ Extracts Imports

Imports in Asia-Pacific

In 2022, after two years of decline, there was significant growth in supplies from abroad of extracts of glands or other organs or of their secretions, when their volume increased by X% to X tons. Overall, imports enjoyed a temperate increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, organ extracts imports expanded significantly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons) and China (X tons) represented the key importers of extracts of glands or other organs or of their secretions in 2022, amounting to approx. X% and X% of total imports, respectively. South Korea (X tons) held the next position in the ranking, distantly followed by Thailand (X tons), Vietnam (X tons) and Australia (X tons). All these countries together took near X% share of total imports. New Zealand (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, saw 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 import price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, 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 South Korea ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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