New Zealand: Artificial Guts Market 2024

Artificial Guts Market Size in New Zealand

The New Zealand artificial guts market skyrocketed to $X in 2022, rising by 209% 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). Overall, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Artificial Guts Exports

Exports from New Zealand

In 2022, shipments abroad of artificial guts (sausage skins) increased by 143% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports saw a buoyant increase. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial guts exports soared to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 166% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for artificial guts exports from New Zealand, accounting for a 68% share of total exports. Moreover, artificial guts exports to Fiji exceeded the volume sent to the second major destination, Australia (X tons), threefold. Tonga (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Fiji totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+27.6% per year) and Tonga (+15.5% per year).

In value terms, Fiji ($X) remains the key foreign market for artificial guts (sausage skins) exports from New Zealand, comprising 76% of total exports. The second position in the ranking was held by Australia ($X), with a 12% share of total exports. It was followed by Samoa, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Fiji stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+21.8% per year) and Samoa (+2.5% per year).

Export Prices by Country

In 2022, the average artificial guts export price amounted to $X per ton, falling by -2.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 71%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

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 Samoa ($X per ton), while the average price for exports to Australia ($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 Samoa (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Guts Imports

Imports into New Zealand

In 2022, purchases abroad of artificial guts (sausage skins) increased by 200% to X tons, rising for the third consecutive year after five years of decline. Overall, imports, however, saw a slight curtailment. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, artificial guts imports surged to $X in 2022. In general, imports, however, continue to indicate a noticeable slump. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest artificial guts supplier to New Zealand, with a 50% share of total imports. Moreover, artificial guts imports from Australia exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+60.6% per year) and Germany (+27.0% per year).

In value terms, Australia ($X) constituted the largest supplier of artificial guts (sausage skins) to New Zealand, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Spain, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.2% per year) and Spain (+55.7% per year).

Import Prices by Country

The average artificial guts import price stood at $X per ton in 2022, declining by -2.9% against the previous year. In general, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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