Price for Animal Products; Ossein and Bones Treated with Acid in India - 2023

Contents:

1. Price for Animal Products; Ossein and Bones Treated with Acid in India (FOB) - 2023
2. Price for Animal Products; Ossein and Bones Treated with Acid in India (CIF) - 2022
3. Exports of Animal Products; Ossein and Bones Treated with Acid in India
4. Imports of Animal Products; Ossein and Bones Treated with Acid in India

Price for Animal Products; Ossein and Bones Treated with Acid in India (FOB) - 2023

In November 2023, the average export price for animal products; ossein and bones treated with acids amounted to $3,217 per ton, surging by 4.5% against the previous month. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in August 2023 an increase of 54% m-o-m. As a result, the export price reached the peak level of $3,880 per ton. From September 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was Pakistan ($4,015 per ton), while the average price for exports to Japan ($3,160 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Animal Products; Ossein and Bones Treated with Acid in India (CIF) - 2022

In 2022, the average import price for animal products; ossein and bones treated with acids amounted to $719 per ton, growing by 8.8% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 193% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($802 per ton), while the price for France amounted to $683 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+36.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Animal Products; Ossein and Bones Treated with Acid in India

In 2022, the amount of animal products; ossein and bones treated with acids exported from India surged to 4.9K tons, increasing by 38% compared with 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of animal products; ossein and bones treated with acids skyrocketed to $17M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Animal Products; Ossein and Bones Treated with Acid from India in 2022:

1. Japan (4055.5 tons)
2. United States (222.5 tons)
3. Pakistan (210.0 tons)
4. South Korea (200.0 tons)
5. France (180.0 tons)

Imports of Animal Products; Ossein and Bones Treated with Acid in India

In 2022, approx. 1.8K tons of animal products; ossein and bones treated with acids were imported into India; with a decrease of -9.7% compared with the previous year's figure. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 138%.

In value terms, imports of animal products; ossein and bones treated with acids declined slightly to $1.3M in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 239% against the previous year. As a result, imports attained the peak of $1.3M, and then dropped in the following year.

Top Suppliers of Animal Products; Ossein and Bones Treated with Acid to India in 2022:

1. France (1251.8 tons)
2. New Zealand (550.8 tons)

Source: IndexBox Market Intelligence Platform