GCC: Artificial Guts Market 2024

Artificial Guts Market Size in GCC

In 2022, the GCC artificial guts market increased by 0.6% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Artificial Guts Production in GCC

In value terms, artificial guts production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 71%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Artificial Guts Exports

Exports in GCC

In 2022, the amount of artificial guts (sausage skins) exported in GCC shrank sharply to X tons, falling by -23.1% on the previous year's figure. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 257%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, artificial guts exports dropped notably to $X in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 185% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the major exporter of artificial guts (sausage skins) in GCC, with the volume of exports amounting to X tons, which was near 67% of total exports in 2022. It was distantly followed by Oman (X tons), making up a 30% share of total exports. Saudi Arabia (X kg) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the artificial guts (sausage skins) exports, with a CAGR of +11.0% from 2012 to 2022. Oman (-20.3%) and Saudi Arabia (-35.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+63 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (-26.5 p.p.) and Saudi Arabia (-33.6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest artificial guts supplier in GCC, comprising 84% of total exports. The second position in the ranking was taken by Oman ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (-23.9% per year) and Saudi Arabia (-40.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, falling by -12.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.3%), while the other leaders experienced a decline in the export price figures.

Artificial Guts Imports

Imports in GCC

In 2022, overseas purchases of artificial guts (sausage skins) decreased by -25.6% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a slight decrease. The growth pace was the most rapid in 2019 with an increase of 774%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, artificial guts imports expanded modestly to $X in 2022. Overall, imports recorded a mild slump. The most prominent rate of growth was recorded in 2019 when imports increased by 333% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X tons, which reached 70% of total imports. Kuwait (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Oman (11%) and Qatar (5.3%).

Imports into the United Arab Emirates increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Oman (+11.1%), Qatar (+5.9%) and Kuwait (+5.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.1% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Oman, Kuwait and Qatar increased by +19, +8, +6.4 and +2.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported artificial guts (sausage skins) in GCC, comprising 67% of total imports. The second position in the ranking was held by Oman ($X), with a 13% share of total imports. It was followed by Kuwait, with an 11% share.

In the United Arab Emirates, artificial guts imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+17.2% per year) and Kuwait (+3.4% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, jumping by 41% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 70%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+18.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform