Peru: Artificial Guts Market 2024

Artificial Guts Market Size in Peru

In 2022, after five years of growth, there was decline in the Peruvian artificial guts market, when its value decreased by -2.6% to $X. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Artificial Guts Exports

Exports from Peru

After three years of decline, shipments abroad of artificial guts (sausage skins) increased by 13% to X kg in 2022. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,000%. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, artificial guts exports skyrocketed to $X in 2022. In general, exports saw a perceptible increase. The growth pace was the most rapid in 2017 with an increase of 808% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for artificial guts exports from Peru, with a 95% share of total exports. Moreover, artificial guts exports to Panama exceeded the volume sent to the second major destination, Bolivia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama amounted to +13.1%.

In value terms, Panama ($X) remains the key foreign market for artificial guts (sausage skins) exports from Peru, comprising 96% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at +5.2%.

Export Prices by Country

In 2022, the average artificial guts export price amounted to $X per ton, surging by 9.3% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-7.0%).

Artificial Guts Imports

Imports into Peru

In 2022, after five years of growth, there was decline in supplies from abroad of artificial guts (sausage skins), when their volume decreased by less than 0.1% to X tons. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.6% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, artificial guts imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 22%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of artificial guts to Peru, accounting for a 33% share of total imports. Moreover, artificial guts imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+66.2% per year) and Belgium (+159.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of artificial guts (sausage skins) to Peru, comprising 30% of total imports. The second position in the ranking was taken by Spain ($X), with an 8.7% share of total imports. It was followed by Ukraine, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.9% per year) and Ukraine (+6.9% per year).

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, shrinking by -2.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 an increase of 6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Ukraine ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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