Israel: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Israel

The Israeli bone glue and gelatin market dropped remarkably to $X in 2022, with a decrease of -24.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Exports of Bone Glues and Gelatin

Exports from Israel

In 2022, after three years of decline, there was significant growth in overseas shipments of bone glues and gelatin, when their volume increased by 144% to X tons. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bone glue and gelatin exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for bone glue and gelatin exports from Israel, with a 76% share of total exports. Moreover, bone glue and gelatin exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. Canada (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.5% per year) and Canada (+46.4% per year).

In value terms, the United States ($X) remains the key foreign market for bone glues and gelatin exports from Israel, comprising 76% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Canada, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.9% per year) and Canada (+55.2% per year).

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, growing by 19% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and the UK ($X per ton), while the average price for exports to Australia ($X per ton) and Canada ($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 Canada (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Israel

In 2022, imports of bone glues and gelatin into Israel contracted markedly to X tons, dropping by -32.2% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 125%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, bone glue and gelatin imports fell dramatically to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 104%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest bone glue and gelatin supplier to Israel, with a 49% share of total imports. Moreover, bone glue and gelatin imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.7% per year) and Taiwan (Chinese) (-6.7% per year).

In value terms, China ($X) constituted the largest supplier of bone glues and gelatin to Israel, comprising 49% of total imports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with an 18% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.1% per year) and Taiwan (Chinese) (-6.4% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, growing by 20% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 20% against the previous year. The import price peaked 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 highest price was recorded for prices from Argentina ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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