Philippines: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in the Philippines

The Philippine bone glue and gelatin market surged to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Bone Glues and Gelatin

Exports from the Philippines

In 2022, overseas shipments of bone glues and gelatin decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bone glue and gelatin exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a sharp reduction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X kg), the United States (X kg) and Qatar (X kg) were the main destinations of bone glue and gelatin exports from the Philippines, together accounting for X% of total exports. Vietnam, Lebanon, Greece, Kuwait, Australia, Israel and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Qatar ($X) and Vietnam ($X) appeared to be the largest markets for bone glue and gelatin exported from the Philippines worldwide, with a combined X% share of total exports. The United States, Greece, Lebanon, Australia, Israel, Kuwait and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Lebanon, with a CAGR of X%, saw 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 2022, the average bone glue and gelatin export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a strong expansion. As a result, the export price reached 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 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United States ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Bone Glues and Gelatin

Imports into the Philippines

In 2022, approx. X tons of bone glues and gelatin were imported into the Philippines; growing by X% on the previous year's figure. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bone glue and gelatin imports surged to $X in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest bone glue and gelatin supplier to the Philippines, 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, Brazil (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Turkey (X% per year).

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

From 2012 to 2022, 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: Brazil (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average bone glue and gelatin import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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