South-Eastern Asia: Market for Bone Glues and Gelatin 2025

Market Size for Bone Glues and Gelatin in South-Eastern Asia

The Southeast Asian bone glue and gelatin market amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.6% 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 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Bone Glues and Gelatin in South-Eastern Asia

In value terms, bone glue and gelatin production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports in South-Eastern Asia

In 2022, the amount of bone glues and gelatin exported in South-Eastern Asia contracted remarkably to X tons, falling by -19.6% compared with the year before. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 47%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, bone glue and gelatin exports dropped sharply to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Vietnam was the main exporting country with an export of about X tons, which amounted to 60% of total exports. Thailand (X tons) took the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held near 39% share of total exports.

Vietnam was also the fastest-growing in terms of the bone glues and gelatin exports, with a CAGR of +35.4% from 2012 to 2022. At the same time, Thailand (+6.4%) displayed positive paces of growth. By contrast, Singapore (-12.3%) illustrated a downward trend over the same period. While the share of Vietnam (+55 p.p.) and Thailand (+6.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-50.3 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest bone glue and gelatin supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to +40.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+5.0% per year) and Singapore (-8.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, dropping by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Bone Glues and Gelatin

Imports in South-Eastern Asia

In 2022, supplies from abroad of bone glues and gelatin increased by 3.4% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 16%. Over the period under review, imports attained the peak figure 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 expanded modestly to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 13% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 55% of total imports in 2022. Thailand (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (12%), Cambodia (6.7%) and Malaysia (5.8%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +34.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and the Philippines ($X), with a combined 74% share of total imports. Thailand, Malaysia, Singapore and Cambodia lagged somewhat behind, together accounting for a further 25%.

Cambodia, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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