Ukraine: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Ukraine

In 2022, the Ukrainian bone glue and gelatin market increased by 7% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bone glue and gelatin consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Bone Glues and Gelatin in Ukraine

In value terms, bone glue and gelatin production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 36%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Bone Glues and Gelatin

Exports from Ukraine

In 2022, shipments abroad of bone glues and gelatin decreased by -81% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, bone glue and gelatin exports dropped significantly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 75%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Russia (X tons) was the main destination for bone glue and gelatin exports from Ukraine, with a 189% share of total exports. It was followed by Moldova (X tons), with a 5.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -5.5%.

In value terms, Russia ($X) remains the key foreign market for bone glues and gelatin exports from Ukraine, comprising 186% of total exports. The second position in the ranking was held by Moldova ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

The average bone glue and gelatin export price stood at $X per ton in 2022, with an increase of 18% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +72.2% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 45%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Moldova ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.8%).

Imports of Bone Glues and Gelatin

Imports into Ukraine

In 2022, bone glue and gelatin imports into Ukraine contracted notably to X tons, reducing by -38.3% against 2021 figures. Over the period under review, imports, however, showed a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, bone glue and gelatin imports dropped dramatically to $X in 2022. Overall, imports, however, recorded tangible growth. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of bone glue and gelatin imports to Ukraine, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +23.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest bone glue and gelatin suppliers to Ukraine, together comprising 68% of total imports.

Italy, with a CAGR of +34.9%, recorded the highest growth rate of the value of imports, among 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 2022, the average bone glue and gelatin import price amounted to $X per ton, with an increase of 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Spain ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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