New Zealand: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in New Zealand

The New Zealand bone glue and gelatin market was estimated at $X in 2022, increasing by 6.8% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bone glue and gelatin consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Bone Glues and Gelatin in New Zealand

In value terms, bone glue and gelatin production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 68% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Bone Glues and Gelatin

Exports from New Zealand

In 2022, shipments abroad of bone glues and gelatin increased by 504% to X tons, rising for the second consecutive year after five years of decline. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bone glue and gelatin exports soared to $X in 2022. Overall, exports, however, saw a sharp reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for bone glue and gelatin exports from New Zealand, with a 28% share of total exports. Moreover, bone glue and gelatin exports to Australia exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.8% per year) and the United Arab Emirates (+12.3% per year).

In value terms, the largest markets for bone glue and gelatin exported from New Zealand were Australia ($X), China ($X) and the United Arab Emirates ($X).

Among the main countries of destination, the United Arab Emirates, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, with a decrease of -70.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 184%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Australia ($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 South Africa (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into New Zealand

In 2022, overseas purchases of bone glues and gelatin increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 115%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bone glue and gelatin imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable increase 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, imports increased by +47.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 111% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Australia (X tons) and China (X tons) were the main suppliers of bone glue and gelatin imports to New Zealand, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +35.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin suppliers to New Zealand were South Korea ($X), Australia ($X) and China ($X), together comprising 95% of total imports.

Among the main suppliers, Australia, with a CAGR of +33.8%, saw the highest growth rate of 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

The average bone glue and gelatin import price stood at $X per ton in 2022, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Argentina ($X per ton), while the price for Australia ($X per ton) and Brazil ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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