Bangladesh: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Bangladesh

The Bangladeshi bone glue and gelatin market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Bone glue and gelatin consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Bone Glues and Gelatin in Bangladesh

In value terms, bone glue and gelatin production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Bone glue and gelatin production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Bangladesh

In 2022, bone glue and gelatin exports from Bangladesh declined to X tons, waning by -10.4% on the year before. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +43.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 68% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, bone glue and gelatin exports dropped to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 65% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Indonesia (X tons), India (X tons) and Malaysia (X tons) were the main destinations of bone glue and gelatin exports from Bangladesh, with a combined 92% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +40.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), India ($X) and Malaysia ($X) were the largest markets for bone glue and gelatin exported from Bangladesh worldwide, with a combined 92% share of total exports.

Among the main countries of destination, India, with a CAGR of +36.6%, saw the highest growth rate of the value of exports, 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 bone glue and gelatin export price amounted to $X per ton, dropping by -5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

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 Thailand ($X per ton), while the average price for exports to South Korea ($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 Mexico (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bone Glues and Gelatin

Imports into Bangladesh

In 2022, overseas purchases of bone glues and gelatin decreased by -9.7% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, bone glue and gelatin imports declined to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 125% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

China (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of bone glue and gelatin imports to Bangladesh, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +67.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of bone glues and gelatin to Bangladesh, comprising 70% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Italy, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +70.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.9% per year) and Italy (+40.3% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, picking up by 3.7% against the previous year. In general, the import price showed a resilient expansion. The growth pace was the most rapid in 2014 an increase of 183% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :