Canada: Organ Extracts Market 2024

Organ Extracts Market Size in Canada

In 2022, the Canadian organ extracts market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, showed a strong expansion. Organ extracts consumption peaked at $X in 2021, and then declined notably in the following year.

Organ Extracts Production in Canada

In value terms, organ extracts production expanded sharply to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Organ Extracts Exports

Exports from Canada

Organ extracts exports from Canada soared to X tons in 2022, growing by X% against 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, organ extracts exports surged to $X in 2022. Overall, exports continue to indicate a strong increase. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for organ extracts exports from Canada, with a X% share of total exports. Moreover, organ extracts exports to the United States exceeded the volume sent to the second major destination, Iran (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Iran amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Organ Extracts Imports

Imports into Canada

After five years of growth, supplies from abroad of extracts of glands or other organs or of their secretions decreased by X% to X tons in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, organ extracts imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main supplier of organ extracts to Canada, with a X% share of total imports. Moreover, organ extracts imports from the United States exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and New Zealand (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average organ extracts import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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