Uruguay: Artificial Guts Market 2024

Artificial Guts Market Size in Uruguay

The Uruguayan artificial guts market shrank to $X in 2022, which is down by -12.6% against the previous year. In general, consumption continues to indicate a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Artificial Guts Production in Uruguay

In value terms, artificial guts production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Artificial guts production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Artificial Guts Exports

Exports from Uruguay

In 2022, overseas shipments of artificial guts (sausage skins) increased by 5.7% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 103% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, artificial guts exports totaled $X in 2022. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 83%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for artificial guts exports from Uruguay, accounting for a 92% share of total exports. Moreover, artificial guts exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-14.7% per year) and China (+110.8% per year).

In value terms, Brazil ($X) remains the key foreign market for artificial guts (sausage skins) exports from Uruguay, comprising 93% of total exports. The second position in the ranking was held by Paraguay ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-15.0% per year) and China (+103.8% per year).

Export Prices by Country

In 2022, the average artificial guts export price amounted to $X per ton, rising by 7.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.8%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to China ($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 Paraguay (-0.3%), while the prices for the other major destinations experienced a decline.

Artificial Guts Imports

Imports into Uruguay

In 2022, approx. X tons of artificial guts (sausage skins) were imported into Uruguay; increasing by 2.1% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, artificial guts imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest artificial guts supplier to Uruguay, with a 66% share of total imports. Moreover, artificial guts imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.9% per year) and Germany (+18.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of artificial guts (sausage skins) to Uruguay, comprising 55% of total imports. The second position in the ranking was taken by the United States ($X), with a 25% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.9% per year) and Germany (+21.6% per year).

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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