Price for Animal Products; Ossein and Bones Treated with Acid in Australia - 2023

Contents:

1. Price for Animal Products; Ossein and Bones Treated with Acid in Australia (FOB) - 2022
2. Price for Animal Products; Ossein and Bones Treated with Acid in Australia (CIF) - 2022
3. Exports of Animal Products; Ossein and Bones Treated with Acid in Australia
4. Imports of Animal Products; Ossein and Bones Treated with Acid in Australia

Price for Animal Products; Ossein and Bones Treated with Acid in Australia (FOB) - 2022

The average export price for animal products; ossein and bones treated with acids stood at $7,207 per ton in 2022, growing by 9.9% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 an increase of 217% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,747 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($11,098 per ton), while the average price for exports to Pakistan ($5,457 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 the United States (+3.5%), while the prices for the other major destinations experienced a decline.

Price for Animal Products; Ossein and Bones Treated with Acid in Australia (CIF) - 2022

In 2022, the average import price for animal products; ossein and bones treated with acids amounted to $23,529 per ton, rising by 35% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 101% against the previous year. Over the period under review, average import prices reached the maximum at $46,252 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +2.2% per year.

Exports of Animal Products; Ossein and Bones Treated with Acid in Australia

In 2022, shipments abroad of animal products; ossein and bones treated with acids decreased by -3.4% to 78 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, the exports reached the peak of 84 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of animal products; ossein and bones treated with acids expanded rapidly to $561K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 48% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Animal Products; Ossein and Bones Treated with Acid from Australia in 2022:

1. Pakistan (46.0 tons)
2. United States (30.0 tons)
3. Thailand (1.8 tons)

Imports of Animal Products; Ossein and Bones Treated with Acid in Australia

After three years of growth, overseas purchases of animal products; ossein and bones treated with acids decreased by -86.9% to 87 kg in 2022. Overall, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. As a result, imports reached the peak of 662 kg, and then reduced remarkably in the following year.

In value terms, imports of animal products; ossein and bones treated with acids contracted dramatically to $2K in 2022. Over the period under review, imports faced a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports reached the peak of $12K, and then shrank rapidly in the following year.

Top Suppliers of Animal Products; Ossein and Bones Treated with Acid to Australia in 2022:

1. South Africa (47.0 kg)

Source: IndexBox Market Intelligence Platform