Latin America and the Caribbean: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Latin America and the Caribbean

The Latin American bone glue and gelatin market fell to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Bone Glues and Gelatin in Latin America and the Caribbean

In value terms, bone glue and gelatin production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 15% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports in Latin America and the Caribbean

In 2022, approx. X tons of bone glues and gelatin were exported in Latin America and the Caribbean; increasing by 6.6% on the previous year. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, bone glue and gelatin exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the major exporting country with an export of around X tons, which reached 77% of total exports. It was distantly followed by Argentina (X tons) and Colombia (X tons), together making up a 16% share of total exports. The following exporters - Ecuador (X tons) and Paraguay (X tons) - together made up 5.6% of total exports.

From 2012 to 2022, average annual rates of growth with regard to bone glue and gelatin exports from Brazil stood at +2.8%. At the same time, Paraguay (+76.4%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +76.4% from 2012-2022. By contrast, Colombia (-1.3%), Ecuador (-1.3%) and Argentina (-1.6%) illustrated a downward trend over the same period. While the share of Brazil (+5.9 p.p.) and Paraguay (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (-2.2 p.p.) and Argentina (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest bone glue and gelatin supplier in Latin America and the Caribbean, comprising 80% of total exports. The second position in the ranking was taken by Argentina ($X), with a 9.3% share of total exports. It was followed by Colombia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +3.5%. In the other countries, the average annual rates were as follows: Argentina (-1.3% per year) and Colombia (-3.2% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of 26% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Brazil ($X per ton) and Argentina ($X per ton), while Colombia ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.7%), while the other leaders experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports in Latin America and the Caribbean

In 2022, approx. X tons of bone glues and gelatin were imported in Latin America and the Caribbean; rising by 13% compared with the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, bone glue and gelatin imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons), distantly followed by Mexico (X tons), Chile (X tons), Peru (X tons), Colombia (X tons), Guatemala (X tons), Bolivia (X tons) and Brazil (X tons) were the main importers of bone glues and gelatin, together making up 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of +9.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin importing markets in Latin America and the Caribbean were Argentina ($X), Mexico ($X) and Chile ($X), together comprising 60% of total imports.

Among the main importing countries, Argentina, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :