Southern Asia: Artificial Guts Market 2024

Artificial Guts Market Size in Southern Asia

The South Asian artificial guts market shrank modestly to $X in 2022, reducing by -3.2% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Artificial Guts Production in Southern Asia

In value terms, artificial guts production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 24%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Artificial Guts Exports

Exports in Southern Asia

In 2022, overseas shipments of artificial guts (sausage skins) increased by 136% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 285%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, artificial guts exports surged to $X in 2022. In general, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 300%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) was the largest exporter of artificial guts (sausage skins), mixing up 79% of total exports. It was distantly followed by Pakistan (X tons), constituting a 20% share of total exports.

Exports from India decreased at an average annual rate of -5.4% from 2012 to 2022. At the same time, Pakistan (+12.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +12.2% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +16 percentage points.

In value terms, India ($X) remains the largest artificial guts supplier in Southern Asia, comprising 74% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +4.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 63%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%).

Artificial Guts Imports

Imports in Southern Asia

In 2022, supplies from abroad of artificial guts (sausage skins) decreased by -61.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 90% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, artificial guts imports dropped significantly to $X in 2022. Overall, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 107%. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

Sri Lanka (X tons) and India (X tons) represented roughly 66% of total imports in 2022. Pakistan (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (11%). Bangladesh (X tons) and Bhutan (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +49.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial guts importing markets in Southern Asia were Sri Lanka ($X), India ($X) and Nepal ($X), together comprising 88% of total imports.

Nepal, with a CAGR of +46.3%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Southern Asia stood at $X per ton in 2022, falling by -18.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 an increase of 47%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :