Bangladesh: Articles Of Gut Market 2025

Articles Of Gut Market Size in Bangladesh

The Bangladeshi articles of gut market soared to $X in 2022, increasing by 179% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Articles Of Gut Exports

Exports from Bangladesh

In 2021, the amount of articles of gut, goldbeater’s skin, bladders or tendons exported from Bangladesh declined significantly to X kg, dropping by -76.7% against the previous year. Overall, exports, however, showed a notable expansion. The exports peaked at X kg in 2020, and then reduced notably in the following year.

In value terms, articles of gut exports fell dramatically to $X in 2021. Over the period under review, exports showed a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X kg) was the main destination for articles of gut exports from Bangladesh, with a 84% share of total exports. Moreover, articles of gut exports to Uruguay exceeded the volume sent to the second major destination, Iceland (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Uruguay was relatively modest.

In value terms, Uruguay ($X) emerged as the key foreign market for articles of gut, goldbeater’s skin, bladders or tendons exports from Bangladesh, comprising 86% of total exports. The second position in the ranking was taken by Iceland ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uruguay was relatively modest.

Export Prices by Country

In 2021, the average articles of gut export price amounted to $X per ton, waning by -43.5% against the previous year. Overall, the export price saw a sharp shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Iceland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (-80.0%).

Articles Of Gut Imports

Imports into Bangladesh

Articles of gut imports into Bangladesh surged to X tons in 2022, jumping by 188% compared with 2021. Over the period under review, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 when imports increased by 7,585%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, articles of gut imports surged to $X in 2022. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 4,775%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X kg) constituted the largest supplier of articles of gut to Bangladesh, with a 34% share of total imports. Moreover, articles of gut imports from India exceeded the figures recorded by the second-largest supplier, Peru (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +67.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+9.5% per year) and Thailand (-37.6% per year).

In value terms, Peru ($X) constituted the largest supplier of articles of gut, goldbeater’s skin, bladders or tendons to Bangladesh, comprising 86% of total imports. The second position in the ranking was held by India ($X), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.9% per year) and Thailand (-29.4% per year).

Import Prices by Country

The average articles of gut import price stood at $X per ton in 2022, shrinking by -51.6% against the previous year. In general, the import price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 542%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for India ($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 (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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