Romania: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Romania

The Romanian bone glue and gelatin market shrank to $X in 2022, which is down by -5.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Bone Glues and Gelatin

Exports from Romania

After two years of decline, shipments abroad of bone glues and gelatin increased by 20% to X tons in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 211%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bone glue and gelatin exports reached $X in 2022. Overall, exports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2019 with an increase of 63%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for bone glue and gelatin exports from Romania, with a 60% share of total exports. Moreover, bone glue and gelatin exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tons), fivefold. The third position in this ranking was held by Switzerland (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +211.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+12.6% per year) and Switzerland (+13.8% per year).

In value terms, the largest markets for bone glue and gelatin exported from Romania were Moldova ($X), Switzerland ($X) and Bulgaria ($X), together accounting for 78% of total exports. Germany, the UK and the United States lagged somewhat behind, together accounting for a further 23%.

Germany, with a CAGR of +150.8%, saw the highest growth rate of the value of exports, among 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

The average bone glue and gelatin export price stood at $X per ton in 2022, shrinking by -16.4% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 the UK (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Romania

In 2022, bone glue and gelatin imports into Romania shrank to X tons, which is down by -2.3% on the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 15%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bone glue and gelatin imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of bone glue and gelatin imports to Romania, together accounting for 81% of total imports. Spain, Denmark, the Netherlands, Slovakia, Italy, India and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest bone glue and gelatin suppliers to Romania, with a combined 96% share of total imports.

Spain, with a CAGR of +59.1%, saw the highest growth rate of 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, declining by -3.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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