Pakistan: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Pakistan

The Pakistani bone glue and gelatin market shrank to $X in 2022, waning by -7.8% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +9.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Bone Glues and Gelatin in Pakistan

In value terms, bone glue and gelatin production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +8.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Pakistan

In 2022, after two years of decline, there was significant growth in shipments abroad of bone glues and gelatin, when their volume increased by 10% to X tons. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, bone glue and gelatin exports reached $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for bone glue and gelatin exports from Pakistan, accounting for a 149% share of total exports. Moreover, bone glue and gelatin exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a 45% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +172.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+10.4% per year) and Turkey (+18.1% per year).

In value terms, the largest markets for bone glue and gelatin exported from Pakistan were China ($X), Malaysia ($X) and Turkey ($X).

Among the main countries of destination, China, with a CAGR of +151.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, declining by -4.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 8.5% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($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 Spain (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Pakistan

In 2022, bone glue and gelatin imports into Pakistan fell modestly to X tons, shrinking by -3.8% against the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 64% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, bone glue and gelatin imports declined to $X in 2022. Overall, imports, however, saw perceptible growth. The growth pace was the most rapid in 2013 when imports increased by 85%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Brazil (X tons) were the main suppliers of bone glue and gelatin imports to Pakistan, with a combined 67% 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 Brazil (with a CAGR of +186.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of bone glues and gelatin to Pakistan, comprising 30% of total imports. The second position in the ranking was held by Brazil ($X), with a 13% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+179.8% per year) and France (-8.1% per year).

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2022, falling by -8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 when the average import price increased by 25%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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