Mexico: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Mexico

In 2022, after two years of decline, there was growth in the Mexican bone glue and gelatin market, when its value increased by 2% to $X. Overall, consumption showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Mexico

Bone glue and gelatin exports from Mexico surged to X tons in 2022, with an increase of 22% compared with the previous year. Over the period under review, exports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2019 when exports increased by 73% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bone glue and gelatin exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 77% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Guatemala (X tons), the United States (X tons) and Cuba (X tons) were the main destinations of bone glue and gelatin exports from Mexico.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of +12.5%), while the other leaders experienced mixed trend patterns.

In value terms, Guatemala ($X), the United States ($X) and Cuba ($X) appeared to be the largest markets for bone glue and gelatin exported from Mexico worldwide.

Cuba, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, picking up by 40% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.6% 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 export price increased by +58.2% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba ($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 the United States (+15.2%), while the prices for the other major destinations experienced a decline.

Imports of Bone Glues and Gelatin

Imports into Mexico

In 2022, overseas purchases of bone glues and gelatin were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 93% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bone glue and gelatin imports reached $X in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest bone glue and gelatin supplier to Mexico, with a 85% share of total imports. Moreover, bone glue and gelatin imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. Brazil (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.1% per year) and Brazil (+3.1% per year).

In value terms, the United States ($X) constituted the largest supplier of bone glues and gelatin to Mexico, comprising 89% of total imports. The second position in the ranking was taken by Brazil ($X), with a 5.7% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.8% per year) and China (+3.8% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2015 an increase of 119% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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