Latin America and the Caribbean: Artificial Guts Market 2024

Artificial Guts Market Size in Latin America and the Caribbean

The Latin American artificial guts market rose modestly to $X in 2022, increasing by 2.4% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Artificial Guts Production in Latin America and the Caribbean

In value terms, artificial guts production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Artificial Guts Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of artificial guts (sausage skins) increased by 0.7% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, artificial guts exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons) was the major exporter of artificial guts (sausage skins), generating 59% of total exports. It was distantly followed by Brazil (X tons) and Uruguay (X tons), together constituting a 39% share of total exports. Costa Rica (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Costa Rica (+17.9%), Uruguay (+14.5%) and Brazil (+4.0%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +17.9% from 2012-2022. While the share of Uruguay (+8.5 p.p.) and Brazil (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-15.5 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 supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Uruguay ($X), together accounting for 97% of total exports. Costa Rica lagged somewhat behind, comprising a further 2.3%.

In terms of the main exporting countries, Costa Rica, with a CAGR of +17.4%, recorded the highest growth rate of 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 export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 9.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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 Uruguay ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Artificial Guts Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of artificial guts (sausage skins) decreased by -3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 22%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, artificial guts imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 66% of total imports in 2022. Colombia (X tons) ranks next in terms of the total imports with a 7.5% share, followed by Argentina (6.3%) and Chile (4.7%). The following importers - Guatemala (X tons) and the Dominican Republic (X tons) - each accounted for a 4.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +4.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial guts importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), together accounting for 64% of total imports.

Among the main importing countries, Brazil, with a CAGR of +5.4%, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 when the import price increased by 31%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 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 the Dominican Republic ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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