Turkey: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Turkey

The Turkish bone glue and gelatin market shrank modestly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, showed a prominent increase. 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 Turkey

In value terms, bone glue and gelatin production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 44%. Bone glue and gelatin production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Turkey

In 2022, exports of bone glues and gelatin from Turkey rose markedly to X tons, surging by 13% on 2021 figures. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 77% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, bone glue and gelatin exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 72%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Switzerland (X tons), Iran (X tons) and Germany (X tons) were the main destinations of bone glue and gelatin exports from Turkey, with a combined 46% share of total exports. Spain, the Netherlands, the United States, Italy, the UK, Iraq, Austria, Thailand and France lagged somewhat behind, together comprising a further 55%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +297.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bone glue and gelatin exported from Turkey were Iran ($X), Switzerland ($X) and Germany ($X), together comprising 42% of total exports. Spain, the Netherlands, the United States, Italy, the UK, Austria, Iraq, Thailand and France lagged somewhat behind, together comprising a further 48%.

Austria, with a CAGR of +314.0%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average bone glue and gelatin export price amounted to $X per ton, jumping by 48% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bone glue and gelatin export price increased by +93.8% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Iran ($X per ton), while the average price for exports to Italy ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Turkey

In 2022, bone glue and gelatin imports into Turkey soared to X tons, surging by 116% on the year before. Overall, imports, however, saw a mild shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bone glue and gelatin imports surged to $X in 2022. Over the period under review, imports, however, showed a perceptible contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Spain (X tons) were the main suppliers of bone glue and gelatin imports to Turkey, with a combined 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +90.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin suppliers to Turkey were Brazil ($X), China ($X) and Germany ($X), with a combined 43% share of total imports.

Among the main suppliers, China, with a CAGR of +93.0%, 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

The average bone glue and gelatin import price stood at $X per ton in 2022, growing by 4.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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