China: Articles Of Gut Market 2024

Articles Of Gut Market Size in China

The Chinese articles of gut market dropped markedly to $X in 2022, waning by -26.4% against the previous year. Over the period under review, consumption, however, continues to indicate perceptible growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Articles Of Gut Production in China

In value terms, articles of gut production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Articles Of Gut Exports

Exports from China

After two years of growth, shipments abroad of articles of gut, goldbeater’s skin, bladders or tendons decreased by -46.8% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 510% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, articles of gut exports rose to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 151% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for articles of gut exports from China, with a 86% share of total exports. Moreover, articles of gut exports to Malaysia exceeded the volume sent to the second major destination, Sierra Leone (X kg), more than tenfold. The third position in this ranking was taken by Thailand (X kg), with a 3.4% share.

From 2013 to 2022, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (0.0% per year) and Thailand (+19.7% per year).

In value terms, the largest markets for articles of gut exported from China were Thailand ($X), Malaysia ($X) and Russia ($X), with a combined 70% share of total exports.

Among the main countries of destination, Thailand, with a CAGR of +163.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of gut export price stood at $X per ton in 2022, surging by 92% against the previous year. Over the period under review, the export price showed a significant increase. The growth pace was the most rapid in 2019 an increase of 279%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1,303.5%), while the prices for the other major destinations experienced mixed trend patterns.

Articles Of Gut Imports

Imports into China

In 2022, imports of articles of gut, goldbeater’s skin, bladders or tendons into China dropped sharply to X tons, with a decrease of -28.6% compared with 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 5,366% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, articles of gut imports contracted sharply to $X in 2022. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 2,763% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan (X tons), Brazil (X tons) and Australia (X tons) were the main suppliers of articles of gut imports to China.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +43.5%), while imports for the other leaders experienced a decline.

In value terms, Brazil ($X) constituted the largest supplier of articles of gut, goldbeater’s skin, bladders or tendons to China, comprising 82% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 9.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+37.5% per year) and Australia (-15.8% per year).

Import Prices by Country

The average articles of gut import price stood at $X per ton in 2022, shrinking by -1.5% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 405% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 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 Brazil ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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