Japan: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Japan

The Japanese bone glue and gelatin market fell slightly to $X in 2022, almost unchanged from the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.9% against 2020 indices. Bone glue and gelatin consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Bone Glues and Gelatin in Japan

In value terms, bone glue and gelatin production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +3.3% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. Bone glue and gelatin production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Japan

In 2022, exports of bone glues and gelatin from Japan shrank modestly to X tons, which is down by -3.4% on the previous year. Over the period under review, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, bone glue and gelatin exports reached $X in 2022. Overall, exports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 29%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Canada (X tons) and Vietnam (X tons) were the main destinations of bone glue and gelatin exports from Japan, with a combined 84% share of total exports. South Korea, Thailand, the UK, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +60.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Vietnam ($X) were the largest markets for bone glue and gelatin exported from Japan worldwide, with a combined 88% share of total exports. The UK, Taiwan (Chinese), Thailand, South Korea and Indonesia lagged somewhat behind, together accounting for a further 8.8%.

The UK, with a CAGR of +59.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, with an increase of 4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.1%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to South Korea ($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 Canada (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Japan

In 2022, supplies from abroad of bone glues and gelatin increased by 5.3% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bone glue and gelatin imports expanded significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 15%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of bone glue and gelatin imports to Japan, with a combined 47% share of total imports. Belgium, the Netherlands, Italy, France, the United States and India lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +80.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and China ($X) were the largest bone glue and gelatin suppliers to Japan, with a combined 49% share of total imports. The Netherlands, Belgium, Italy, France, the United States and India lagged somewhat behind, together accounting for a further 40%.

Italy, with a CAGR of +78.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, increasing by 5.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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