Malaysia: Articles Of Gut Market 2024

Articles Of Gut Market Size in Malaysia

The Malaysian articles of gut market was estimated at $X in 2022, approximately mirroring 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). Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 -11.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Articles Of Gut Exports

Exports from Malaysia

After two years of growth, overseas shipments of articles of gut, goldbeater’s skin, bladders or tendons decreased by -1.1% to X kg in 2022. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 251% against the previous year. As a result, the exports attained the peak of X kg. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, articles of gut exports contracted to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 95%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X kg) was the main destination for articles of gut exports from Malaysia, accounting for a 94% share of total exports. It was followed by Vietnam (X kg), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +18.9%.

In value terms, Australia ($X) remains the key foreign market for articles of gut, goldbeater’s skin, bladders or tendons exports from Malaysia, comprising 53% of total exports. The second position in the ranking was held by Vietnam ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +14.9%.

Export Prices by Country

The average articles of gut export price stood at $X per ton in 2022, dropping by -12.3% against the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 204% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+488.6%), while the prices for the other major destinations experienced mixed trend patterns.

Articles Of Gut Imports

Imports into Malaysia

In 2022, the amount of articles of gut, goldbeater’s skin, bladders or tendons imported into Malaysia fell modestly to X tons, which is down by -3.5% against the previous year. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 80%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, articles of gut imports rose to $X in 2022. Over the period under review, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 82%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of articles of gut to Malaysia, with a 38% share of total imports. Moreover, articles of gut imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), twofold. Belgium (X kg) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.5% per year) and Belgium (+16.9% per year).

In value terms, the largest articles of gut suppliers to Malaysia were the United States ($X), Belgium ($X) and China ($X), with a combined 87% share of total imports.

The United States, with a CAGR of +44.2%, 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

In 2022, the average articles of gut import price amounted to $X per ton, growing by 7% against the previous year. Overall, the import price showed prominent growth. The pace of growth was the most pronounced in 2018 an increase of 80%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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