Slovakia: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Slovakia

In 2022, the Slovak bone glue and gelatin market decreased by -18.6% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +36.3% against 2016 indices. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Production of Bone Glues and Gelatin in Slovakia

In value terms, bone glue and gelatin production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of 74%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Slovakia

In 2019, shipments abroad of bone glues and gelatin decreased by -11.7% to X tons for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 126% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018, and then contracted in the following year.

In value terms, bone glue and gelatin exports expanded rapidly to $X in 2019. The total export value increased at an average annual rate of +4.1% from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Hungary (X tons), France (X tons) and Poland (X tons) were the main destinations of bone glue and gelatin exports from Slovakia, together comprising 95% of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and Hungary ($X) appeared to be the largest markets for bone glue and gelatin exported from Slovakia worldwide, with a combined 73% share of total exports. Austria, the United States, Japan and the Czech Republic lagged somewhat behind, together accounting for a further 16%.

Austria, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2019, growing by 23% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Bone Glues and Gelatin

Imports into Slovakia

In 2019, approx. X tons of bone glues and gelatin were imported into Slovakia; rising by 47% on 2018. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 77% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, bone glue and gelatin imports skyrocketed to $X in 2019. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Belgium (X tons) and the Czech Republic (X tons) were the main suppliers of bone glue and gelatin imports to Slovakia, together accounting for 65% of total imports. Denmark, Poland, Germany, the United States and Turkey lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +209.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin suppliers to Slovakia were France ($X), Belgium ($X) and Denmark ($X), with a combined 60% share of total imports. The United States, Poland, Germany, Turkey and the Czech Republic lagged somewhat behind, together comprising a further 30%.

The United States, with a CAGR of +149.8%, saw 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 2019, the average bone glue and gelatin import price amounted to $X per ton, rising by 5.5% against the previous year. Overall, import price indicated temperate growth from 2012 to 2019: its price increased at an average annual rate of +2.7% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bone glue and gelatin import price increased by +70.7% against 2015 indices. The growth pace was the most rapid in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the maximum in 2019 and is expected to retain growth in years to come.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Belgium (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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