Asia-Pacific: Artificial Guts Market 2024

Artificial Guts Market Size in Asia-Pacific

The Asia-Pacific artificial guts market amounted to $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed 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 lower figure.

Artificial Guts Production in Asia-Pacific

In value terms, artificial guts production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Artificial Guts Exports

Exports in Asia-Pacific

For the seventh consecutive year, Asia-Pacific recorded growth in overseas shipments of artificial guts (sausage skins), which increased by 30% to X tons in 2022. In general, exports continue to indicate prominent growth. As a result, the exports attained 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 saw a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 29%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 63% of total exports in 2022. Australia (X tons) ranks second in terms of the total exports with a 9.3% share, followed by Japan (8.7%), the Philippines (5.7%) and Indonesia (5.5%). The following exporters - Thailand (X tons) and Singapore (X tons) - each accounted for a 4.1% 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%), Indonesia (+12.0%), the Philippines (+10.4%), Australia (+4.2%) and Thailand (+3.5%) displayed positive paces of growth. By contrast, Japan (-1.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +44 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest artificial guts supplier in Asia-Pacific, comprising 53% of total exports. The second position in the ranking was held by Australia ($X), with an 18% share of total exports. It was followed by Japan, with an 18% share.

In China, artificial guts exports increased at an average annual rate of +23.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-0.4% per year) and Japan (-1.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, shrinking by -9.1% against the previous year. Overall, the export price showed a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by 10%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, the amount of artificial guts (sausage skins) imported in Asia-Pacific expanded markedly to X tons, growing by 9.5% on the previous year's figure. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +34.4% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 22%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, artificial guts imports rose remarkably to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +40.0% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 16% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the Philippines (X tons), China (X tons), Indonesia (X tons) and Thailand (X tons) was the largest importer of artificial guts (sausage skins) in Asia-Pacific, generating 66% of total import. Malaysia (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together held near 12% share of total imports. Vietnam (X tons), Australia (X tons), Japan (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, the largest artificial guts importing markets in Asia-Pacific were Indonesia ($X), Thailand ($X) and the Philippines ($X), with a combined 50% share of total imports. China, South Korea, Japan, Malaysia, Australia, Vietnam and Myanmar lagged somewhat behind, together comprising a further 42%.

Vietnam, with a CAGR of +27.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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-Pacific stood at $X per ton in 2022, waning by -2.4% against the previous year. Over the period under review, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2020 when the import price increased by 4.1% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Indonesia (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :