Singapore: Market for Bone Glues and Gelatin 2024

Market Size for Bone Glues and Gelatin in Singapore

The Singaporean bone glue and gelatin market totaled $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw strong growth. Bone glue and gelatin consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Bone Glues and Gelatin in Singapore

In value terms, bone glue and gelatin production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Bone glue and gelatin production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Bone Glues and Gelatin

Exports from Singapore

For the fifth year in a row, Singapore recorded decline in shipments abroad of bone glues and gelatin, which decreased by X% to X tons in 2022. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, bone glue and gelatin exports reduced remarkably to $X in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), the Philippines (X tons) and Indonesia (X tons) were the main destinations of bone glue and gelatin exports from Singapore, with a combined X% share of total exports. Malaysia, Hong Kong SAR, China, Vietnam, Thailand, India, New Zealand and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for bone glue and gelatin exported from Singapore were the Philippines ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw 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

In 2022, the average bone glue and gelatin export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price 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, bone glue and gelatin export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into Singapore

For the fifth consecutive year, Singapore recorded decline in supplies from abroad of bone glues and gelatin, which decreased by X% to X tons in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, bone glue and gelatin imports declined to $X in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Belgium (X tons) and France (X tons) were the main suppliers of bone glue and gelatin imports to Singapore, with a combined X% share of total imports. Australia, the United States, Malaysia, Germany and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Belgium ($X) and Germany ($X) were the largest bone glue and gelatin suppliers to Singapore, together comprising X% of total imports. France, Australia, Brazil, Malaysia and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Australia, 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 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 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 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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