Argentina: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Argentina

In 2022, the Argentinian bone glue and gelatin market increased by 5.1% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Bone Glues and Gelatin in Argentina

In value terms, bone glue and gelatin production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 21%. Bone glue and gelatin production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Bone Glues and Gelatin

Exports from Argentina

In 2022, exports of bone glues and gelatin from Argentina declined modestly to X tons, dropping by -3.2% against the year before. In general, exports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, bone glue and gelatin exports dropped slightly to $X in 2022. Overall, exports recorded a mild decline. The most prominent rate of growth was recorded in 2013 with an increase of 40%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for bone glue and gelatin exports from Argentina, accounting for a 54% share of total exports. Moreover, bone glue and gelatin exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.1% per year) and Brazil (+22.2% per year).

In value terms, the United States ($X) remains the key foreign market for bone glues and gelatin exports from Argentina, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Brazil, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.0% per year) and Brazil (+14.9% per year).

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Turkey ($X per ton), while the average price for exports to Saudi Arabia ($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 Turkey (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Argentina

In 2022, purchases abroad of bone glues and gelatin increased by 25% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, bone glue and gelatin imports soared to $X in 2022. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the main bone glue and gelatin supplier to Argentina, with a 92% share of total imports. Moreover, bone glue and gelatin imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and Ecuador (0.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of bone glues and gelatin to Argentina, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.6% per year) and Ecuador (0.0% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, jumping by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.8%).

Source: IndexBox Platform

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