Singapore: Artificial Guts Market 2024

Artificial Guts Market Size in Singapore

The Singaporean artificial guts market rose rapidly to $X in 2022, growing by 8.6% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Artificial Guts Production in Singapore

In value terms, artificial guts production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Artificial Guts Exports

Exports from Singapore

In 2022, artificial guts exports from Singapore soared to X tons, rising by 28% against the year before. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 110% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, artificial guts exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 122%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Sri Lanka (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of artificial guts exports from Singapore, together comprising 99% 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 Sri Lanka (with a CAGR of +119.1%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Sri Lanka ($X) and Malaysia ($X) appeared to be the largest markets for artificial guts exported from Singapore worldwide, with a combined 99% share of total exports.

Sri Lanka, with a CAGR of +123.7%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average artificial guts export price amounted to $X per ton, increasing by 24% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial guts export price increased by +40.1% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Singapore

In 2022, overseas purchases of artificial guts (sausage skins) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted resilient growth. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, artificial guts imports soared to $X in 2022. Overall, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of artificial guts imports to Singapore, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +43.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Spain ($X) constituted the largest artificial guts suppliers to Singapore, together comprising 79% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +48.9%, saw the highest rates of growth with regard to the value of imports, 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 artificial guts import price amounted to $X per ton, picking up by 2.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 35%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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