Spain: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Spain

The Spanish bone glue and gelatin market soared to $X in 2022, increasing by 83% against the previous year. In general, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Bone Glues and Gelatin in Spain

In value terms, bone glue and gelatin production skyrocketed to $X in 2022 estimated in export price. In general, production saw a remarkable increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Bone Glues and Gelatin

Exports from Spain

In 2022, approx. X tons of bone glues and gelatin were exported from Spain; increasing by 18% on the year before. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, bone glue and gelatin exports rose significantly to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), Italy (X tons) and Germany (X tons) were the main destinations of bone glue and gelatin exports from Spain, with a combined 38% share of total exports. France, Portugal, Switzerland, Poland, China and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +27.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) were the largest markets for bone glue and gelatin exported from Spain worldwide, together accounting for 55% of total exports. Italy, Switzerland, Poland, Portugal, China and the UK lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Poland, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, declining by -8.9% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Portugal ($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 China (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Spain

In 2022, purchases abroad of bone glues and gelatin decreased by -10.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +19.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, bone glue and gelatin imports dropped to $X in 2022. Over the period under review, total imports indicated a prominent expansion 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, imports increased by +22.0% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

The Netherlands (X tons), Poland (X tons) and France (X tons) were the main suppliers of bone glue and gelatin imports to Spain, together comprising 50% of total imports. Turkey, Germany, Italy, India, Denmark, Portugal, Colombia, Belgium, Brazil and China lagged somewhat behind, together comprising a further 65%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +50.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin suppliers to Spain were the Netherlands ($X), Poland ($X) and Germany ($X), with a combined 61% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +47.5%, 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, with an increase of 5.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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