South Africa: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in South Africa

In 2022, the South African bone glue and gelatin market increased by 43% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Bone Glues and Gelatin

Exports from South Africa

In 2022, approx. X tons of bone glues and gelatin were exported from South Africa; declining by -12.5% against 2021 figures. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 541% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, bone glue and gelatin exports reduced rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 473%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for bone glue and gelatin exports from South Africa, accounting for a 67% share of total exports. Moreover, bone glue and gelatin exports to Australia exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was held by Zimbabwe (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+41.1% per year) and Zimbabwe (+8.7% per year).

In value terms, Australia ($X) remains the key foreign market for bone glues and gelatin exports from South Africa, comprising 78% of total exports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total exports. It was followed by Zimbabwe, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+33.8% per year) and Zimbabwe (+3.0% per year).

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, with a decrease of -35.9% against the previous year. Over the period under review, the export price, however, posted a slight expansion. The growth pace was the most rapid in 2020 an increase of 76% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Namibia ($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 Australia (+16.5%), while the prices for the other major destinations experienced a decline.

Imports of Bone Glues and Gelatin

Imports into South Africa

In 2022, the amount of bone glues and gelatin imported into South Africa expanded to X tons, surging by 4.9% compared with the previous year's figure. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bone glue and gelatin imports soared to $X in 2022. Over the period under review, imports showed measured growth. The most prominent rate of growth was recorded in 2013 when imports increased by 71% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of bone glue and gelatin imports to South Africa, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Germany ($X) were the largest bone glue and gelatin suppliers to South Africa, with a combined 67% share of total imports.

Among the main suppliers, Germany, with a CAGR of +23.7%, recorded the highest rates of growth with regard to 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, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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