Croatia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Croatia

The Croatian bone glue and gelatin market soared to $X in 2022, surging by 33% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Bone Glues and Gelatin in Croatia

In value terms, bone glue and gelatin production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Bone Glues and Gelatin

Exports from Croatia

In 2022, overseas shipments of bone glues and gelatin were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 161% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, bone glue and gelatin exports soared to $X in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for bone glue and gelatin exports from Croatia, accounting for a 73% share of total exports. Moreover, bone glue and gelatin exports to Russia exceeded the volume sent to the second major destination, Serbia (X tons), fivefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-6.1% per year) and Bosnia and Herzegovina (-10.5% per year).

In value terms, Russia ($X) emerged as the key foreign market for bone glues and gelatin exports from Croatia, comprising 73% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 13% share of total exports. It was followed by Serbia, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+0.7% per year) and Serbia (+3.0% per year).

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, falling by -17.1% against the previous year. In general, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 82%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped markedly in the following year.

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 Germany ($X per ton), while the average price for exports to Serbia ($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 Germany (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Croatia

For the eleventh year in a row, Croatia recorded growth in overseas purchases of bone glues and gelatin, which increased by 31% to X tons in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, bone glue and gelatin imports soared to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of bone glue and gelatin imports to Croatia, together accounting for 86% of total imports. China, India, Brazil, Italy and Hungary lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +5,900.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the largest bone glue and gelatin suppliers to Croatia, with a combined 89% share of total imports. China, India, Brazil, Hungary and Italy lagged somewhat behind, together comprising a further 9.3%.

Among the main suppliers, China, with a CAGR of +3,485.8%, saw 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

In 2022, the average bone glue and gelatin import price amounted to $X per ton, growing by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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