Egypt: Artificial Guts Market 2024

Artificial Guts Market Size in Egypt

The Egyptian artificial guts market declined significantly to $X in 2022, falling by -52.2% 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, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Artificial Guts Exports

Exports from Egypt

After three years of decline, overseas shipments of artificial guts (sausage skins) increased by 15% to X tons in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 714%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, artificial guts exports surged to $X in 2022. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 565%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for artificial guts exports from Egypt, with a 33% share of total exports. Moreover, artificial guts exports to Sudan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Libya (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan stood at +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+1.4% per year) and Libya (-8.6% per year).

In value terms, Libya ($X), Lebanon ($X) and Iraq ($X) appeared to be the largest markets for artificial guts exported from Egypt worldwide, together comprising 64% of total exports.

Among the main countries of destination, Lebanon, with a CAGR of +30.6%, saw the highest rates of growth with regard to 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 artificial guts export price stood at $X per ton in 2022, rising by 35% against the previous year. Overall, the export price saw prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Lebanon ($X per ton), while the average price for exports to Yemen ($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 Libya (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Egypt

Artificial guts imports into Egypt declined dramatically to X tons in 2022, with a decrease of -47.7% compared with the year before. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, artificial guts imports dropped dramatically to $X in 2022. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 157% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of artificial guts to Egypt, accounting for a 41% share of total imports. Moreover, artificial guts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.9% per year) and Spain (-8.3% per year).

In value terms, China ($X) constituted the largest supplier of artificial guts (sausage skins) to Egypt, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and Spain (-8.4% per year).

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, enjoyed strong growth. The growth pace was the most rapid in 2020 an increase of 71% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and the Czech Republic ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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