Estonia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Estonia

In 2022, the Estonian bone glue and gelatin market decreased by -11.3% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Bone Glues and Gelatin in Estonia

In value terms, bone glue and gelatin production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +51.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 27%. Bone glue and gelatin production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Estonia

Bone glue and gelatin exports from Estonia declined modestly to X tons in 2022, stabilizing at 2021 figures. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 368% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, bone glue and gelatin exports shrank to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 101% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for bone glue and gelatin exports from Estonia, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +33.4%.

In value terms, Russia ($X) also remains the key foreign market for bone glues and gelatin exports from Estonia.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +23.7%.

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, which is down by -3.3% against the previous year. In general, the export price faced a deep slump. The pace of growth was the most pronounced in 2018 an increase of 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -7.3% per year.

Imports of Bone Glues and Gelatin

Imports into Estonia

In 2022, supplies from abroad of bone glues and gelatin decreased by -13.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bone glue and gelatin imports skyrocketed to $X in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of bone glue and gelatin imports to Estonia, together comprising 59% of total imports. Italy, Lithuania, Poland, Brazil, China, Latvia, Denmark and Sweden lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +90.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of bone glues and gelatin to Estonia, comprising 39% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.2% per year) and Belgium (+20.8% per year).

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, jumping by 42% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bone glue and gelatin import price increased by +75.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform