Egypt: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Egypt

The Egyptian bone glue and gelatin market dropped significantly to $X in 2022, which is down by -25.1% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Bone Glues and Gelatin in Egypt

In value terms, bone glue and gelatin production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 43% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Egypt

In 2022, exports of bone glues and gelatin from Egypt skyrocketed to X tons, surging by 221% compared with 2021 figures. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bone glue and gelatin exports soared to $X in 2022. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 151%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of bone glue and gelatin exports from Egypt, together comprising 19% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +46.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for bone glue and gelatin exported from Egypt worldwide, with a combined 44% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +50.2%, recorded the highest rates of growth with regard to the value of exports, 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, with a decrease of -53.3% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 207% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 India (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Egypt

In 2022, purchases abroad of bone glues and gelatin decreased by -6.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bone glue and gelatin imports rose remarkably to $X in 2022. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of bone glue and gelatin to Egypt, accounting for a 86% share of total imports. Moreover, bone glue and gelatin imports from France exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-5.6% per year) and Germany (-6.5% per year).

In value terms, France ($X) constituted the largest supplier of bone glues and gelatin to Egypt, comprising 70% of total imports. The second position in the ranking was held by Brazil ($X), with a 27% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.3% per year) and Germany (-6.5% per year).

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and France ($X per ton), while the price for Brazil ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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