China: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in China

The Chinese bone glue and gelatin market rose notably to $X in 2023, picking up by X% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Production of Bone Glues and Gelatin in China

In value terms, bone glue and gelatin production expanded to $X in 2023 estimated in export price. Overall, production recorded a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level in 2023 and is likely to continue growth in years to come.

Exports of Bone Glues and Gelatin

Exports from China

In 2023, bone glue and gelatin exports from China contracted to X tons, which is down by X% on the year before. In general, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, bone glue and gelatin exports contracted to $X in 2023. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Russia (X tons), India (X tons) and South Korea (X tons) were the main destinations of bone glue and gelatin exports from China, with a combined X% share of total exports. The United States, Japan, Canada, Vietnam, Australia, Thailand, Peru, Taiwan (Chinese), Chile and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), South Korea ($X) and India ($X) constituted the largest markets for bone glue and gelatin exported from China worldwide, with a combined X% share of total exports. The United States, Japan, Canada, Vietnam, Australia, Thailand, Peru, Taiwan (Chinese), South Africa and Chile lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Peru, with a CAGR of X%, recorded 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 2023, the average bone glue and gelatin export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bone glue and gelatin export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The export price peaked in 2023 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Australia ($X per ton), while the average price for exports to India ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into China

In 2023, bone glue and gelatin imports into China soared to X tons, rising by X% against the previous year. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, bone glue and gelatin imports totaled $X in 2023. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Uganda (X tons), Uzbekistan (X tons) and Vietnam (X tons) were the main suppliers of bone glue and gelatin imports to China, with a combined X% share of total imports. Ethiopia, Cambodia, France, Pakistan, the United States, Australia and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X), France ($X) and Vietnam ($X) appeared to be the largest bone glue and gelatin suppliers to China, together accounting for X% of total imports. Uzbekistan, the United States, Cambodia, Ethiopia, Pakistan, Australia and Spain lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ethiopia, with a CAGR of X%, 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

The average bone glue and gelatin import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform