Chile: Organ Extracts Market 2024

Organ Extracts Market Size in Chile

In 2022, the Chilean organ extracts market decreased by X% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Organ Extracts Production in Chile

In value terms, organ extracts production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Organ Extracts Exports

Exports from Chile

In 2022, shipments abroad of extracts of glands or other organs or of their secretions decreased by X% to X kg for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2021, and then contracted notably in the following year.

In value terms, organ extracts exports dropped dramatically to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

South Korea (X kg), the United States (X kg) and Canada (X kg) were the main destinations of organ extracts exports from Chile, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for extracts of glands or other organs or of their secretions exports from Chile, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports. It was followed by France, with less than X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and France (X% per year).

Export Prices by Country

The average organ extracts export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Organ Extracts Imports

Imports into Chile

Organ extracts imports into Chile declined to X kg in 2022, which is down by X% compared with the year before. Over the period under review, imports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, organ extracts imports expanded rapidly to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X kg) constituted the largest organ extracts supplier to Chile, accounting for a X% share of total imports. Moreover, organ extracts imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold.

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

In value terms, the largest organ extracts suppliers to Chile were the United States ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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