Finland: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Finland

The Finnish bone glue and gelatin market shrank to $X in 2022, dropping by -13.2% against the previous year. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Bone Glues and Gelatin in Finland

In value terms, bone glue and gelatin production declined dramatically to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 17%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Finland

In 2022, overseas shipments of bone glues and gelatin decreased by -27.2% to X kg, falling for the third year in a row after two years of growth. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 364%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, bone glue and gelatin exports rose remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 800% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X kg) was the main destination for bone glue and gelatin exports from Finland, with a 79% share of total exports. Moreover, bone glue and gelatin exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-67.1% per year) and Kazakhstan (0.0% per year).

In value terms, Estonia ($X) remains the key foreign market for bone glues and gelatin exports from Finland, comprising 96% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-56.5% per year) and Kazakhstan (0.0% per year).

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, surging by 52% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 586% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Lithuania ($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 Lithuania (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Finland

Bone glue and gelatin imports into Finland contracted dramatically to X tons in 2022, reducing by -36.3% compared with 2021 figures. Overall, imports faced a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 18%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bone glue and gelatin imports shrank slightly to $X in 2022. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 14%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of bone glue and gelatin imports to Finland, with a combined 52% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +0.3%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of bone glues and gelatin to Finland, comprising 33% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-13.5% per year) and Sweden (-8.4% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, rising by 51% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +89.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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