Asia: Artificial Guts Market 2024

Artificial Guts Market Size in Asia

The Asian artificial guts market reached $X in 2022, standing approx. at the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Artificial Guts Production in Asia

In value terms, artificial guts production reached $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Artificial Guts Exports

Exports in Asia

In 2022, overseas shipments of artificial guts (sausage skins) increased by 39% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial guts exports skyrocketed to $X in 2022. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 64% of total exports in 2022. Japan (X tons) held an 8.8% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (7.3%), the Philippines (5.7%) and Indonesia (5.6%). The following exporters - Thailand (X tons) and Singapore (X tons) - each resulted at a 4.2% share of total exports.

China was also the fastest-growing in terms of the artificial guts (sausage skins) exports, with a CAGR of +24.9% from 2012 to 2022. At the same time, Singapore (+22.6%), Turkey (+15.5%), Indonesia (+12.0%), the Philippines (+10.4%) and Thailand (+3.5%) displayed positive paces of growth. By contrast, Japan (-1.8%) illustrated a downward trend over the same period. While the share of China (+45 p.p.) and Turkey (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-2.3 p.p.) and Japan (-20 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest artificial guts supplier in Asia, comprising 62% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by the Philippines, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +23.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-1.9% per year) and the Philippines (+17.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by -10.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 19% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.1%), while the other leaders experienced more modest paces of growth.

Artificial Guts Imports

Imports in Asia

In 2022, imports of artificial guts (sausage skins) in Asia expanded markedly to X tons, surging by 12% on 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.2% against 2016 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 20% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, artificial guts imports expanded remarkably to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.0% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 13%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Philippines (X tons), China (X tons), Indonesia (X tons) and Thailand (X tons) represented roughly 59% of total imports in 2022. Malaysia (X tons) took the next position in the ranking, followed by Turkey (X tons) and South Korea (X tons). All these countries together held near 16% share of total imports. The following importers - Vietnam (X tons), Japan (X tons), Kazakhstan (X tons), Myanmar (X tons) and Israel (X tons) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +39.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 47% of total imports. China, South Korea, Japan, Malaysia, Turkey, Vietnam, Kazakhstan, Israel and Myanmar lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, Vietnam, with a CAGR of +27.0%, recorded 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 import price in Asia stood at $X per ton in 2022, falling by -3.2% against the previous year. Over the period under review, the import price saw a mild descent. The growth pace was the most rapid in 2020 an increase of 11% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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