Belgium: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Belgium

The Belgian bone glue and gelatin market skyrocketed to $X in 2022, rising by 22% against the previous year. Over the period under review, consumption showed resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Production of Bone Glues and Gelatin in Belgium

In value terms, bone glue and gelatin production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decrease. Bone glue and gelatin production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Belgium

In 2022, bone glue and gelatin exports from Belgium rose modestly to X tons, growing by 3% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 22%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, bone glue and gelatin exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for bone glue and gelatin exports from Belgium, with a 29% share of total exports. Moreover, bone glue and gelatin exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.4% per year) and the United States (+6.4% per year).

In value terms, Germany ($X) remains the key foreign market for bone glues and gelatin exports from Belgium, comprising 31% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.5% per year) and the United States (+7.3% per year).

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, rising by 26% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Guatemala ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Belgium

In 2022, purchases abroad of bone glues and gelatin was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 32%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, bone glue and gelatin imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of bone glue and gelatin to Belgium, accounting for a 44% share of total imports. Moreover, bone glue and gelatin imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.0% per year) and the Netherlands (+3.0% per year).

In value terms, France ($X) constituted the largest supplier of bone glues and gelatin to Belgium, comprising 47% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+22.0% per year) and the Netherlands (+4.0% per year).

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, surging by 5.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27%. As a result, import price attained the peak level of $X per ton. From 2021 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 Italy ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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