Australia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Australia

The Australian bone glue and gelatin market reduced slightly to $X in 2022, stabilizing at the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Bone Glues and Gelatin in Australia

In value terms, bone glue and gelatin production fell to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 46%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Australia

In 2022, exports of bone glues and gelatin from Australia dropped to X tons, waning by -8% on the year before. Overall, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 when exports increased by 82%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, bone glue and gelatin exports reduced to $X in 2022. Over the period under review, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2018 when exports increased by 84%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for bone glue and gelatin exports from Australia, accounting for a 64% share of total exports. Moreover, bone glue and gelatin exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), fourfold. New Zealand (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+83.0% per year) and New Zealand (+25.1% per year).

In value terms, Indonesia ($X) remains the key foreign market for bone glues and gelatin exports from Australia, comprising 63% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports. It was followed by Thailand, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+23.9% per year) and Thailand (+7.7% per year).

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, growing by 1.7% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3.9%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to China ($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 Sri Lanka (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Bone Glues and Gelatin

Imports into Australia

In 2022, approx. X tons of bone glues and gelatin were imported into Australia; rising by 20% on the previous year's figure. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 60%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, bone glue and gelatin imports skyrocketed to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), China (X tons) and South Africa (X tons) were the main suppliers of bone glue and gelatin imports to Australia, with a combined 79% share of total imports. South Korea, Italy, Mexico, Turkey and New Zealand lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and South Korea ($X) appeared to be the largest bone glue and gelatin suppliers to Australia, with a combined 80% share of total imports. South Africa, Italy, Mexico, Turkey and New Zealand lagged somewhat behind, together accounting for a further 16%.

Mexico, with a CAGR of +44.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, jumping by 31% against the previous year. In general, the import price continues to indicate a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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