Bulgaria: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian bone glue and gelatin market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports of Bone Glues and Gelatin

Exports from Bulgaria

In 2022, bone glue and gelatin exports from Bulgaria fell rapidly to X tons, which is down by X% compared with 2021. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bone glue and gelatin exports contracted rapidly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for bone glue and gelatin exports from Bulgaria, accounting for a X% share of total exports. Moreover, bone glue and gelatin exports to Greece exceeded the volume sent to the second major destination, Iran (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Austria (X% per year).

In value terms, Greece ($X), Iran ($X) and Italy ($X) were the largest markets for bone glue and gelatin exported from Bulgaria worldwide, together comprising X% of total exports. Austria, Georgia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bone glue and gelatin export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Austria ($X 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 Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bone Glues and Gelatin

Imports into Bulgaria

In 2022, the amount of bone glues and gelatin imported into Bulgaria fell significantly to X tons, waning by X% on 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, bone glue and gelatin imports contracted dramatically to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Denmark (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of bone glue and gelatin imports to Bulgaria, with a combined X% share of total imports. Belgium, Germany, Spain, Hungary and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest bone glue and gelatin suppliers to Bulgaria were Belgium ($X), Italy ($X) and Denmark ($X), with a combined X% share of total imports. The Netherlands, Germany, Spain, France and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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