Portugal: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Portugal

The Portuguese bone glue and gelatin market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption continues to indicate tangible growth. Bone glue and gelatin consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Portugal

In 2022, bone glue and gelatin exports from Portugal rose significantly to X tons, with an increase of 9.7% against the year before. Overall, exports recorded notable growth. The most prominent rate of growth was recorded in 2019 when exports increased by 320%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, bone glue and gelatin exports fell slightly to $X in 2022. In general, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 353% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Spain (X tons) was the main destination for bone glue and gelatin exports from Portugal, accounting for a 46% share of total exports. Moreover, bone glue and gelatin exports to Spain exceeded the volume sent to the second major destination, Cabo Verde (X tons), fivefold. The third position in this ranking was held by Switzerland (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+17.7% per year) and Switzerland (+10.5% per year).

In value terms, Spain ($X) remains the key foreign market for bone glues and gelatin exports from Portugal, comprising 53% of total exports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total exports. It was followed by Angola, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+8.2% per year) and Angola (-16.1% per year).

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, waning by -9.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Cabo Verde ($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 (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Portugal

After four years of decline, overseas purchases of bone glues and gelatin increased by 5.7% to X tons in 2022. Overall, imports saw a modest increase. The pace of growth was the most pronounced in 2017 when imports increased by 111%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, bone glue and gelatin imports rose slightly to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.1% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 38% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of bone glue and gelatin to Portugal, with a 58% share of total imports. Moreover, bone glue and gelatin imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+84.7% per year) and Italy (+9.9% per year).

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest bone glue and gelatin suppliers to Portugal.

Colombia, with a CAGR of +112.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, which is down by -3.4% against the previous year. In general, the import price, however, enjoyed notable growth. The pace of growth was the most pronounced in 2013 an increase of 104% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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