U.S.: Organ Extracts Market 2024

Organ Extracts Market Size in the U.S.

The U.S. organ extracts market soared to $X in 2022, growing by X% against the previous year. Overall, consumption posted strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Organ Extracts Production in the U.S.

In value terms, organ extracts production shrank modestly to $X in 2022. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Organ Extracts Exports

Exports from the U.S.

Organ extracts exports from the United States contracted remarkably to X tons in 2022, declining by X% against 2021. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, organ extracts exports reduced to $X in 2022. Over the period under review, total exports indicated buoyant growth 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The UK (X tons) was the main destination for organ extracts exports from the United States, with a X% share of total exports. Moreover, organ extracts exports to the UK exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

In value terms, South Korea ($X), Japan ($X) and the UK ($X) appeared to be the largest markets for organ extracts exported from the United States worldwide, with a combined X% share of total exports. China, Mexico and Russia lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average organ extracts export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a buoyant increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while the average price for exports to the UK ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into the U.S.

In 2022, the amount of extracts of glands or other organs or of their secretions imported into the United States skyrocketed to X tons, growing by X% against the year before. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, organ extracts imports skyrocketed to $X in 2022. Overall, imports saw resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Canada (X tons), China (X tons) and Denmark (X tons) were the main suppliers of organ extracts imports to the United States, with a combined X% share of total imports. Spain, Chile and South Korea lagged somewhat behind, together accounting for a further X%.

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

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

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average organ extracts import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

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

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

Source: IndexBox Platform

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