Asia: Animal Guts Market 2023

Animal Guts Market Size in Asia

The Asian animal guts market reduced slightly to $X in 2022, which is down by -2.4% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Animal Guts Production in Asia

In value terms, animal guts production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 9.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Animal Guts Exports

Exports in Asia

Animal guts exports shrank modestly to X tons in 2022, waning by -4.7% against 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, animal guts exports reached $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the major exporter of guts, bladders and stomachs of animals, creating 57% of total exports. Iran (X tons) ranks second in terms of the total exports with a 12% share, followed by Turkey (8.4%), India (8%) and Thailand (4.6%). The following exporters - Uzbekistan (X tons) and Cyprus (X tons) - each resulted at a 3.7% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of guts, bladders and stomachs of animals. At the same time, India (+35.5%), Thailand (+27.6%), Turkey (+21.8%), Cyprus (+4.1%), Iran (+3.5%) and Uzbekistan (+1.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +35.5% from 2012-2022. India (+7.5 p.p.), Turkey (+6.9 p.p.), Thailand (+4.1 p.p.) and Uzbekistan (+2 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -16.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest animal guts supplier in Asia, comprising 74% of total exports. The second position in the ranking was taken by Iran ($X), with an 8.4% share of total exports. It was followed by Turkey, with a 6.7% share.

In China, animal guts exports declined by an average annual rate of -1.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+2.1% per year) and Turkey (+5.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 5.3% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of 9.6%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.0%), while the other leaders experienced mixed trends in the export price figures.

Animal Guts Imports

Imports in Asia

Animal guts imports expanded modestly to X tons in 2022, surging by 4.2% compared with the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, animal guts imports skyrocketed to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +45.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the major importer of guts, bladders and stomachs of animals in Asia, with the volume of imports accounting for X tons, which was near 62% of total imports in 2022. Japan (X tons) held the second position in the ranking, followed by South Korea (X tons) and Vietnam (X tons). All these countries together held approx. 25% share of total imports. Taiwan (Chinese) (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to animal guts imports into China stood at +4.3%. At the same time, Vietnam (+29.8%), Thailand (+16.2%) and Japan (+2.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +29.8% from 2012-2022. Taiwan (Chinese) and South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam, China and Thailand increased by +5.1, +3.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported guts, bladders and stomachs of animals in Asia, comprising 57% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by South Korea, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +13.0%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.6% per year) and South Korea (+3.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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