China: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in China

The Chinese bone glue and gelatin market reduced modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.7% against 2019 indices. Bone glue and gelatin consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Bone Glues and Gelatin in China

In value terms, bone glue and gelatin production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 19%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Bone Glues and Gelatin

Exports from China

In 2022, exports of bone glues and gelatin from China reached X tons, increasing by 2.6% on the year before. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 23%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, bone glue and gelatin exports shrank modestly to $X in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2019 with an increase of 45%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X tons), India (X tons) and Russia (X tons) were the main destinations of bone glue and gelatin exports from China, with a combined 36% share of total exports. South Korea, Japan, Canada, Australia, Vietnam, Thailand, Chile, Colombia, Germany and Peru lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +34.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and India ($X) were the largest markets for bone glue and gelatin exported from China worldwide, together accounting for 36% of total exports. South Korea, Japan, Australia, Canada, Vietnam, Thailand, Colombia, Chile, Germany and Peru lagged somewhat behind, together comprising a further 42%.

Colombia, with a CAGR of +40.4%, recorded 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 bone glue and gelatin export price amounted to $X per ton, which is down by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2019 when the average export price increased by 18%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Colombia ($X per ton), while the average price for exports to South Korea ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into China

After four years of growth, supplies from abroad of bone glues and gelatin decreased by -11% to X tons in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 95%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, bone glue and gelatin imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 60%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Vietnam (X tons), France (X tons) and Pakistan (X tons) were the main suppliers of bone glue and gelatin imports to China, with a combined 53% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +396.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin suppliers to China were Vietnam ($X), France ($X) and Pakistan ($X), with a combined 58% share of total imports.

In terms of the main suppliers, Pakistan, with a CAGR of +293.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 10%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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