Australia and Oceania: Artificial Guts Market 2024

Artificial Guts Market Size in Australia and Oceania

The artificial guts market in Australia and Oceania expanded to $X in 2022, picking up by 2.7% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Artificial Guts Production in Australia and Oceania

In value terms, artificial guts production expanded to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Artificial Guts Exports

Exports in Australia and Oceania

In 2022, overseas shipments of artificial guts (sausage skins) increased by 17% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial guts exports totaled $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 32%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 96% of total exports in 2022. New Zealand (X tons) held a minor share of total exports.

Exports from Australia increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, New Zealand (+7.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +7.0% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest artificial guts supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.5% share of total exports.

In Australia, artificial guts exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with a decrease of -7.1% against the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.6%).

Artificial Guts Imports

Imports in Australia and Oceania

In 2022, overseas purchases of artificial guts (sausage skins) were finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a mild setback. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, artificial guts imports skyrocketed to $X in 2022. Overall, imports, however, saw a slight shrinkage. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which finished at 61% of total imports. New Zealand (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (14%). Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to artificial guts imports into Australia stood at -2.7%. At the same time, Fiji (+7.9%) and Papua New Guinea (+3.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.9% from 2012-2022. By contrast, New Zealand (-1.9%) illustrated a downward trend over the same period. Papua New Guinea (+5 p.p.) and Fiji (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -7.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported artificial guts (sausage skins) in Australia and Oceania, comprising 58% of total imports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total imports. It was followed by Papua New Guinea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -2.0%. In the other countries, the average annual rates were as follows: New Zealand (-4.3% per year) and Papua New Guinea (+4.4% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, approximately equating the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a 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 New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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