Northern America: Artificial Guts Market 2024

Artificial Guts Market Size in Northern America

The North American artificial guts market rose significantly to $X in 2022, increasing by 8.1% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Artificial Guts Production in Northern America

In value terms, artificial guts production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Artificial Guts Exports

Exports in Northern America

In 2022, approx. X tons of artificial guts (sausage skins) were exported in Northern America; dropping by -4.3% against the previous year. Over the period under review, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2015 with an increase of 6%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial guts exports stood at $X in 2022. In general, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 6.3% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of artificial guts (sausage skins), namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the artificial guts (sausage skins) exports, with a CAGR of -5.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest artificial guts supplier in Northern America.

In the United States, artificial guts exports decreased by an average annual rate of -3.8% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Artificial Guts Imports

Imports in Northern America

In 2022, supplies from abroad of artificial guts (sausage skins) decreased by -4.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, artificial guts imports rose markedly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 27% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The United States represented the major importer of artificial guts (sausage skins) in Northern America, with the volume of imports accounting for X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 15% share of total imports.

The United States was also the fastest-growing in terms of the artificial guts (sausage skins) imports, with a CAGR of +15.8% from 2012 to 2022. Canada (-2.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +34 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported artificial guts (sausage skins) in Northern America, comprising 82% of total imports. The second position in the ranking was taken by Canada ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +10.8%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 13% against the previous year. Overall, the import price, however, saw a noticeable decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.6%).

Source: IndexBox Platform

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