Colombia: Artificial Guts Market 2024

Artificial Guts Market Size in Colombia

In 2022, the Colombian artificial guts market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artificial Guts Exports

Exports from Colombia

Artificial guts exports from Colombia surged to X tons in 2022, increasing by X% on the previous year's figure. In general, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, artificial guts exports surged to $X in 2022. Over the period under review, exports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for artificial guts exports from Colombia, accounting for a X% share of total exports. Moreover, artificial guts exports to the Dominican Republic exceeded the volume sent to the second major destination, Venezuela (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Brazil (X% per year).

In value terms, the Dominican Republic ($X) emerged as the key foreign market for artificial guts (sausage skins) exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Brazil (X% per year).

Export Prices by Country

The average artificial guts export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a slight expansion. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Venezuela ($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 Ecuador (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Artificial Guts Imports

Imports into Colombia

For the third consecutive year, Colombia recorded growth in overseas purchases of artificial guts (sausage skins), which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, artificial guts imports skyrocketed to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Brazil (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of artificial guts imports to Colombia, together comprising X% of total imports. China, the Czech Republic, Spain and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest artificial guts suppliers to Colombia were Brazil ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports. The Czech Republic, China, Spain and Poland lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average artificial guts import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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