Norway: Artificial Guts Market 2024

Artificial Guts Market Size in Norway

The Norwegian artificial guts market stood at $X in 2022, growing by 3% 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). Over the period under review, consumption recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Artificial Guts Exports

Exports from Norway

Artificial guts exports from Norway contracted significantly to X kg in 2022, with a decrease of -76.7% against the previous year's figure. In general, exports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2013 when exports increased by 327%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, artificial guts exports reduced rapidly to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 353% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X kg), France (X kg) and Panama (X kg) were the main destinations of artificial guts exports from Norway, together comprising 72% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +620.8%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Romania ($X) and France ($X) appeared to be the largest markets for artificial guts exported from Norway worldwide, together comprising 63% of total exports.

Panama, with a CAGR of +805.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average artificial guts export price stood at $X per ton in 2022, growing by 101% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 135%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Faroe Islands ($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 Romania (+184.2%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Norway

In 2022, approx. X tons of artificial guts (sausage skins) were imported into Norway; waning by -3.3% on the previous year. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 40%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, artificial guts imports rose to $X in 2022. Overall, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of artificial guts to Norway, accounting for a 46% share of total imports. Moreover, artificial guts imports from Finland exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Finland amounted to +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.5% per year) and Denmark (+16.4% per year).

In value terms, Finland ($X) constituted the largest supplier of artificial guts (sausage skins) to Norway, comprising 42% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Finland amounted to +75.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-8.4% per year) and Denmark (+22.9% per year).

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, rising by 6.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 21%. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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 Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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