Gelatine Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Gelatine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Gelatine Price Trend for the First Half of 2023

Asia

In the Asia Pacific region, the price trend of gelatine is inclined with increasing demand and restricted supply of the product. The rise in market momentum was the positive result of favorable market conditions, high purchasing potential of buyers, and failing supply chains that caused scarcity of gelatine in the region.

The trend was also stable in the second quarter as this quarter had the additional benefit of a rise in the number of orders from both domestic and international markets. Due to the ongoing Russian-Ukraine crisis, the supply chains got disrupted while the number of inquiries exceeded. However, towards the end of the second quarter, the prices of gelatine declined as downstream industries performed poorly.

Europe

Consistency in the number of new orders initially supported the market activities of gelatine. But as the first quarter progressed, the buying potential of consumers started to decline, and even the end-user industries performed poorly. In the second quarter, rates of imports from Asian countries became cheap due to a decrease in shipping costs that impacted the gelatine price trend negatively. But the trend gained its momentum from the month of May with a depletion in the level of inventories and a surge in the number of domestic orders.

North America

In North America, the gelatine market started with a strong approach with support from domestic consumers. The market sentiment overall fluctuated throughout the first and second quarters. The rising demand pressurized the level of inventories, and with a slow supply of the product in the region, the price trend of gelatine surged in the first quarter and during the initial phase of the second. However, towards the end of the second quarter, the uncertainties in the economic conditions and rising rates of global inflation proved to be a challenge for the gelatine market, and due to that, the price of gelatine declined.

Analyst Insight

According to Procurement Resource, the price trend of Gelatine is estimated to showcase a mixed trend as the demand and overall market dynamics are fluctuating.

Gelatine Price Trend for the Second Half of 2022

The gelatine price trends continued the upward trajectory with the same momentum as seen in H1. Heat in the summer season hampered the gelatine’s quality and made storage very difficult. So, gelatine availability decreased after the summer season. Curtailed supply chains and difficult freight situations further added to the problems. Hence, the gelatine prices kept high in Q3 given the high upstream cost pressure and rising downstream demand.

Conditions remained arbitrary for most of the second half of the year 2022. Chinese exports were also off the market because of the Covid-19 reemergence in China. After this continuous upheaval in gelatine prices throughout the year, prices finally started subsiding around the year-end in December. Fixed supply chains and the lifting of the lockdown in China were the major reasons for the rebound. Decreased end-consumer demand also contributed to lowering the prices.

Analyst Insight

According to Procurement Resource, the gelatine prices are expected to exhibit mixed pricing patterns in the coming months. The supply-chain situation seems to have improved, but consumer demand will remain the fundamental determining factor for the prices.

Gelatine Price Trend For the First Half of 2022

The gelatine prices registered an upward trend globally throughout the first half of the said year. The supply shortages amid the higher prices of raw materials and trade bottlenecks impacted gelatine prices worldwide. The adverse weather conditions like heatwaves throughout the European region further constricted the gelatine supply.

The high temperatures affect the jelly’s strength causing potential quality issues. With the uncertainty in supply, lack of skilled labour, and high transportation costs, the price trends of Gelatine tipped towards the higher side.

Procurement Resource provides latest prices of Gelatine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.