Price for Animal Products; Ossein and Bones Treated with Acid in Vietnam - 2022

Contents:

  1. Price for Animal Products; Ossein and Bones Treated with Acid in Vietnam (CIF) - 2022
  2. Imports of Animal Products; Ossein and Bones Treated with Acid in Vietnam

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

The average import price for animal products; ossein and bones treated with acids stood at $383 per ton in 2022, with a decrease of -39.6% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30%. As a result, import price reached the peak level of $1,313 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 India ($1,253 per ton), while the price for Tanzania ($30 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+64.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, imports of animal products; ossein and bones treated with acids into Vietnam rose significantly to 121 tons, surging by 15% compared with the year before. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 521%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of animal products; ossein and bones treated with acids reduced dramatically to $46K in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 262% against the previous year. As a result, imports reached the peak of $67K, and then shrank significantly in the following year.

Import of Animal Products; Ossein and Bones Treated with Acid in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nigeria9.78.249.327.741.9%
India1.91.20.62.13.4%
TanzaniaN/AN/A0.20.4100.0%
Others7.09.116.816.132.0%
Total18.618.566.946.435.6%

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

  1. Nigeria (104.4 tons)
  2. Tanzania (14.0 tons)
  3. India (1.7 tons)

Source: IndexBox Market Intelligence Platform

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