Saudi Arabia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Saudi Arabia

The Saudi bone glue and gelatin market declined modestly to $X in 2022, which is down by -2.8% against the previous year. Over the period under review, consumption, however, showed a notable expansion. Bone glue and gelatin consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Bone Glues and Gelatin in Saudi Arabia

In value terms, bone glue and gelatin production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate tangible growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 84% against the previous year. Bone glue and gelatin production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Bone Glues and Gelatin

Exports from Saudi Arabia

In 2022, shipments abroad of bone glues and gelatin decreased by -38% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 317%. The exports peaked 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 contracted notably to $X in 2022. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by 643%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for bone glue and gelatin exports from Saudi Arabia, accounting for a 75% share of total exports. Moreover, bone glue and gelatin exports to Bahrain exceeded the volume sent to the second major destination, Kuwait (X tons), sixfold. The third position in this ranking was taken by Ethiopia (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain totaled +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-17.5% per year) and Ethiopia (+81.2% per year).

In value terms, Bahrain ($X) remains the key foreign market for bone glues and gelatin exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Ethiopia, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain totaled +63.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+12.9% per year) and Ethiopia (+121.9% per year).

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, dropping by -8.5% against the previous year. Over the period under review, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 78%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Tanzania ($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 Ethiopia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Saudi Arabia

In 2022, the amount of bone glues and gelatin imported into Saudi Arabia reduced sharply to X tons, declining by -50% against the previous year's figure. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, bone glue and gelatin imports fell dramatically to $X in 2022. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Brazil (X tons), France (X tons) and Germany (X tons) were the main suppliers of bone glue and gelatin imports to Saudi Arabia, with a combined 65% share of total imports. Egypt and Belgium lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin suppliers to Saudi Arabia were Brazil ($X), Belgium ($X) and France ($X), with a combined 65% share of total imports. Germany and Egypt lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Germany, with a CAGR of +10.7%, 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

In 2022, the average bone glue and gelatin import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price showed prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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