Ecuador: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Ecuador

The Ecuadorian bone glue and gelatin market rose markedly to $X in 2022, with an increase of 6.1% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Bone Glues and Gelatin in Ecuador

In value terms, bone glue and gelatin production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 44%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Ecuador

In 2022, overseas shipments of bone glues and gelatin decreased by -7.2% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports showed a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bone glue and gelatin exports contracted to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 41%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons), Colombia (X tons) and Bolivia (X tons) were the main destinations of bone glue and gelatin exports from Ecuador, with a combined 62% share of total exports. The United States, Mexico, Venezuela, Guatemala and Costa Rica lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +204.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Bolivia ($X) appeared to be the largest markets for bone glue and gelatin exported from Ecuador worldwide, together accounting for 61% of total exports. The United States, Mexico, Venezuela, Guatemala and Costa Rica lagged somewhat behind, together accounting for a further 39%.

The United States, with a CAGR of +212.4%, recorded 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

The average bone glue and gelatin export price stood at $X per ton in 2022, reducing by -1.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per ton) and Venezuela ($X per ton), while the average price for exports to the United States ($X per ton) and Colombia ($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 Bolivia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Ecuador

In 2022, after three years of decline, there was significant growth in purchases abroad of bone glues and gelatin, when their volume increased by 27% to X tons. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 312%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, bone glue and gelatin imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 295%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of bone glue and gelatin to Ecuador, with a 64% share of total imports. Moreover, bone glue and gelatin imports from Brazil exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+6.1% per year) and the United States (+1.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of bone glues and gelatin to Ecuador, comprising 77% of total imports. The second position in the ranking was taken by Colombia ($X), with a 5.4% share of total imports. It was followed by Sweden, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-2.3% per year) and Sweden (+8.8% per year).

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 continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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