Ecuador: Artificial Guts Market 2024

Artificial Guts Market Size in Ecuador

The Ecuadorian artificial guts market soared to $X in 2022, picking up by 38% 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). In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Artificial Guts Exports

Exports from Ecuador

In 2022, exports of artificial guts (sausage skins) from Ecuador skyrocketed to X kg, picking up by 126% against 2021. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 780%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, artificial guts exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 496%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

El Salvador (X kg) was the main destination for artificial guts exports from Ecuador, with a 85% share of total exports. Moreover, artificial guts exports to El Salvador exceeded the volume sent to the second major destination, Panama (X kg), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador stood at +151.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-5.3% per year) and Colombia (-36.4% per year).

In value terms, El Salvador ($X) remains the key foreign market for artificial guts (sausage skins) exports from Ecuador, comprising 89% of total exports. The second position in the ranking was taken by Panama ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to El Salvador totaled +170.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-14.5% per year) and Colombia (-33.7% per year).

Export Prices by Country

The average artificial guts export price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, the export price enjoyed a modest increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Guts Imports

Imports into Ecuador

In 2022, supplies from abroad of artificial guts (sausage skins) was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.7% against 2019 indices. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial guts imports soared to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of artificial guts imports to Ecuador, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial guts suppliers to Ecuador were Brazil ($X), Russia ($X) and Belgium ($X), with a combined 73% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average artificial guts import price stood at $X per ton in 2022, which is down by -4.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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