Eastern Asia: Artificial Guts Market 2024

Artificial Guts Market Size in Eastern Asia

The East Asian artificial guts market reached $X in 2022, remaining constant against the previous year. Overall, consumption saw 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 Eastern Asia

In value terms, artificial guts production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 22%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Artificial Guts Exports

Exports in Eastern Asia

For the seventh year in a row, Eastern Asia recorded growth in shipments abroad of artificial guts (sausage skins), which increased by 36% to X tons in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 47% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, artificial guts exports surged to $X in 2022. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2016 when exports increased by 25% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X tons, which finished at 88% of total exports. It was distantly followed by Japan (X tons), comprising a 12% 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. Japan (-1.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +50 percentage points.

In value terms, China ($X) remains the largest artificial guts supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by Japan ($X), with a 25% share of total exports.

In China, artificial guts exports expanded at an average annual rate of +23.7% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by -8.2% against the previous year. Overall, the export price showed a noticeable descent. The growth pace was the most rapid in 2018 an increase of 3.7% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.1%).

Artificial Guts Imports

Imports in Eastern Asia

After three years of growth, overseas purchases of artificial guts (sausage skins) decreased by -1.2% to X tons in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +38.2% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, artificial guts imports declined to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 19%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Imports by Country

China represented the major importing country with an import of around X tons, which resulted at 61% of total imports. It was distantly followed by South Korea (X tons) and Japan (X tons), together mixing up a 34% share of total imports. Taiwan (Chinese) (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the artificial guts (sausage skins) imports, with a CAGR of +10.3% from 2012 to 2022. At the same time, South Korea (+5.9%) displayed positive paces of growth. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. While the share of China (+23 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-2.8 p.p.) and Japan (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest artificial guts importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for 94% of total imports.

China, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price saw a noticeable downturn. The growth pace was the most rapid in 2016 when the import price increased by 9.4% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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