India: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in India

The Indian bone glue and gelatin market soared to $X in 2023, jumping by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2023: its value 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, consumption increased by X% against 2016 indices. Bone glue and gelatin consumption peaked in 2023 and is likely to continue growth in the immediate term.

Production of Bone Glues and Gelatin in India

In value terms, bone glue and gelatin production soared to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2023 and is likely to see steady growth in years to come.

Exports of Bone Glues and Gelatin

Exports from India

In 2023, bone glue and gelatin exports from India dropped to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, bone glue and gelatin exports totaled $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), the United States (X tons) and Japan (X tons) were the main destinations of bone glue and gelatin exports from India, together comprising X% of total exports. Spain, Belgium, the Netherlands, South Korea, Vietnam, Italy, the UK, Russia, Iran and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bone glue and gelatin exported from India were Indonesia ($X), the United States ($X) and Japan ($X), with a combined X% share of total exports. Belgium, South Korea, Vietnam, Italy, Spain, Russia, the UK, Iran, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, South Korea, with a CAGR of X%, recorded the highest growth rate of 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

The average bone glue and gelatin export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was 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 India

In 2023, supplies from abroad of bone glues and gelatin decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, bone glue and gelatin imports rose sharply to $X in 2023. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest bone glue and gelatin supplier to India, accounting for a X% share of total imports. Moreover, bone glue and gelatin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of bone glues and gelatin to India, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average bone glue and gelatin import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2023.

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 Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform