Eastern Asia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Eastern Asia

The East Asian bone glue and gelatin market declined modestly to $X in 2022, dropping by -1.6% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -4.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Bone Glues and Gelatin in Eastern Asia

In value terms, bone glue and gelatin production declined modestly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -4.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports in Eastern Asia

In 2022, bone glue and gelatin exports in Eastern Asia amounted to X tons, standing approx. at the previous year's figure. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. As a result, the exports attained 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 amounted to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +85.4% against 2016 indices. The growth pace was the most rapid in 2019 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China represented the largest exporter of bone glues and gelatin in Eastern Asia, with the volume of exports reaching X tons, which was near 80% of total exports in 2022. It was distantly followed by South Korea (X tons) and Japan (X tons), together constituting a 17% share of total exports. Taiwan (Chinese) (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the bone glues and gelatin exports, with a CAGR of +3.0% from 2012 to 2022. At the same time, South Korea (+1.9%) displayed positive paces of growth. By contrast, Japan (-2.2%) and Taiwan (Chinese) (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bone glue and gelatin supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total exports. It was followed by Japan, with an 8.6% share.

In China, bone glue and gelatin exports expanded at an average annual rate of +6.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+3.1% per year) and Japan (-1.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2019 when the export price increased by 9.6% against the previous year. The level of export peaked at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports in Eastern Asia

After six years of growth, purchases abroad of bone glues and gelatin decreased by -2.5% to X tons in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2014 indices. The growth pace was the most rapid in 2019 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, bone glue and gelatin imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) represented roughly 93% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), generating a 6.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2022, together comprising 91% of total imports.

South Korea, with a CAGR of +11.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 5.4% against the previous year. In general, the import price, however, saw a mild decline. The pace of growth appeared the most rapid in 2020 when the import price increased by 5.9% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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