Colombia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Colombia

The Colombian bone glue and gelatin market shrank to $X in 2022, with a decrease of -2.9% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Bone glue and gelatin consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Bone Glues and Gelatin in Colombia

In value terms, bone glue and gelatin production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Colombia

In 2022, approx. X tons of bone glues and gelatin were exported from Colombia; increasing by 2.8% compared with the previous year. In general, exports, however, saw a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 52%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bone glue and gelatin exports rose slightly to $X in 2022. Overall, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Spain (X tons) and Canada (X tons) were the main destinations of bone glue and gelatin exports from Colombia, together comprising 64% of total exports. The Netherlands, Guatemala, Switzerland, France, Greece, Germany, Costa Rica, the Dominican Republic, Panama and Peru lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Canada ($X) appeared to be the largest markets for bone glue and gelatin exported from Colombia worldwide, together accounting for 63% of total exports. The Netherlands, Guatemala, Switzerland, France, Greece, Germany, Costa Rica, the Dominican Republic, Panama and Peru lagged somewhat behind, together accounting for a further 35%.

The Netherlands, with a CAGR of +21.7%, saw the highest rates of growth with regard to 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, picking up by 1.7% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Panama ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Peru ($X per ton) and the United States ($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 Greece (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Bone Glues and Gelatin

Imports into Colombia

In 2022, after two years of growth, there was decline in overseas purchases of bone glues and gelatin, when their volume decreased by -4.5% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 35%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, bone glue and gelatin imports shrank to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 42%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Ecuador (X tons) were the main suppliers of bone glue and gelatin imports to Colombia, with a combined 75% 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 +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of bone glues and gelatin to Colombia, comprising 43% of total imports. The second position in the ranking was held by Ecuador ($X), with a 15% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-3.0% per year) and Mexico (+21.6% per year).

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, rising by 3.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :