Luxembourg: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Luxembourg

After three years of growth, the Luxembourg bone glue and gelatin market decreased by -21.2% to $X in 2022. Over the period under review, consumption, however, saw a resilient expansion. Bone glue and gelatin consumption peaked at $X in 2021, and then reduced sharply in the following year.

Production of Bone Glues and Gelatin in Luxembourg

In value terms, bone glue and gelatin production shrank notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 96% against the previous year. Bone glue and gelatin production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Bone Glues and Gelatin

Exports from Luxembourg

In 2022, exports of bone glues and gelatin from Luxembourg declined sharply to X tons, reducing by -56.8% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2018 when exports increased by 18%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bone glue and gelatin exports dropped remarkably to $X in 2022. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg), Belgium (X kg) and France (X kg) were the main destinations of bone glue and gelatin exports from Luxembourg, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of -41.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for bone glue and gelatin exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), together accounting for 87% of total exports.

France, with a CAGR of -34.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, picking up by 56% against the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 84%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Ghana (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Luxembourg

In 2022, supplies from abroad of bone glues and gelatin increased by 1.5% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when imports increased by 37%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, bone glue and gelatin imports fell dramatically to $X in 2022. In general, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by 37% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of bone glue and gelatin imports to Luxembourg, with a combined 94% 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 +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of bone glues and gelatin to Luxembourg, comprising 49% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.1% per year) and Portugal (-8.8% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, dropping by -17.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 45% against the previous year. The import price peaked at $X per ton in 2021, and then shrank significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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