South-Eastern Asia: Artificial Guts Market 2024

Artificial Guts Market Size in South-Eastern Asia

The Southeast Asian artificial guts market stood at $X in 2022, growing by 7.9% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Artificial Guts Production in South-Eastern Asia

In value terms, artificial guts production rose modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.3%. 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 South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in shipments abroad of artificial guts (sausage skins), which increased by 13% to X tons in 2022. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 65% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, artificial guts exports reduced modestly to $X in 2022. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 152%. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

The Philippines (X tons) and Indonesia (X tons) were the main exporters of artificial guts (sausage skins) in 2022, reaching near 33% and 32% of total exports, respectively. Thailand (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (10%) and Malaysia (9.8%).

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +22.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the largest artificial guts supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Singapore ($X), with a 20% share of total exports. It was followed by Thailand, with a 7.3% share.

In the Philippines, artificial guts exports expanded at an average annual rate of +17.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+25.9% per year) and Thailand (+12.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by -14.1% against the previous year. Overall, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when the export price increased by 81%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.1%), while the other leaders experienced more modest paces of growth.

Artificial Guts Imports

Imports in South-Eastern Asia

In 2022, imports of artificial guts (sausage skins) in South-Eastern Asia surged to X tons, picking up by 17% on the previous year. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, artificial guts imports totaled $X in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The purchases of the three major importers of artificial guts (sausage skins), namely the Philippines, Indonesia and Thailand, represented more than two-thirds of total import. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together comprising a 16% share of total imports. The following importers - Myanmar (X tons) and Singapore (X tons) - together made up 6.2% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial guts importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and the Philippines ($X), together accounting for 81% of total imports. Malaysia, Vietnam, Singapore and Myanmar lagged somewhat behind, together comprising a further 18%.

Vietnam, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -2.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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