U.S.: Market for Bone Glues and Gelatin 2022

Market Size for Bone Glues and Gelatin in the U.S.

In 2021, the U.S. bone glue and gelatin market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a slight downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Bone Glues and Gelatin in the U.S.

In value terms, bone glue and gelatin production rose slightly to $X in 2021. In general, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Bone Glues and Gelatin

Exports from the U.S.

In 2021, overseas shipments of bone glues and gelatin decreased by -9.1% to X tons, falling for the second year in a row after three years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 14%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bone glue and gelatin exports dropped to $X in 2021. Over the period under review, exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2018 with an increase of 13% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of bone glue and gelatin exports from the United States, together accounting for 69% of total exports. These countries were followed by South Korea, Japan, Indonesia, Germany, Vietnam, India, the Dominican Republic and the UK, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +62.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bone glue and gelatin exported from the United States were Canada ($X), Mexico ($X) and China ($X), together accounting for 68% of total exports. South Korea, Germany, Indonesia, Japan, Vietnam, India, the Dominican Republic and the UK lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Indonesia, with a CAGR of +67.0%, 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 2021, the average bone glue and gelatin export price amounted to $X per ton, picking up by 4.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 5.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bone Glues and Gelatin

Imports into the U.S.

For the fifth year in a row, the United States recorded growth in overseas purchases of bone glues and gelatin, which increased by 5.1% to X tons in 2021. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 9.9% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, bone glue and gelatin imports expanded modestly to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 15%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest bone glue and gelatin supplier to the United States, accounting for a 32% share of total imports. Moreover, bone glue and gelatin imports from Brazil exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+2.6% per year) and Argentina (-2.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of bone glue and gelatin to the United States, comprising 32% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by Argentina, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-1.1% per year) and Argentina (-2.3% per year).

Import Prices by Country

The average bone glue and gelatin import price stood at $X per ton in 2021, shrinking by -1.8% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The growth pace was the most rapid in 2013 an increase of 9.7% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :