India: Artificial Guts Market 2024

Artificial Guts Market Size in India

The Indian artificial guts market shrank to $X in 2022, reducing by -2.6% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Artificial Guts Production in India

In value terms, artificial guts production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Artificial Guts Exports

Exports from India

In 2022, after two years of decline, there was significant growth in overseas shipments of artificial guts (sausage skins), when their volume increased by 106% to X tons. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 292%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial guts exports skyrocketed to $X in 2022. Over the period under review, exports recorded perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of 303% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bhutan (X tons), Saudi Arabia (X tons) and Nepal (X tons) were the main destinations of artificial guts exports from India, with a combined 66% share of total exports. Kenya, Turkey, Zambia, Tanzania, Israel, Sierra Leone, Nigeria, the United Arab Emirates and Seychelles lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +533.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bhutan ($X) remains the key foreign market for artificial guts (sausage skins) exports from India, comprising 57% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7% share of total exports. It was followed by Nepal, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bhutan totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.9% per year) and Nepal (+50.2% per year).

Export Prices by Country

In 2022, the average artificial guts export price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 66%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Saudi Arabia ($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 Bhutan (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into India

In 2022, after two years of growth, there was significant decline in supplies from abroad of artificial guts (sausage skins), when their volume decreased by -30.4% to X tons. In general, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 104%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial guts imports contracted to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 87% 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

China (X tons), Spain (X tons) and the Philippines (X tons) were the main suppliers of artificial guts imports to India, together comprising 78% of total imports. France, the United States, Italy and Germany lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Philippines ($X) and China ($X) constituted the largest artificial guts suppliers to India, with a combined 63% share of total imports. France, the United States, Germany and Italy lagged somewhat behind, together comprising a further 32%.

The United States, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, surging by 40% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Italy ($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 States (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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