Ireland: Articles Of Gut Market 2022

Articles Of Gut Market Size in Ireland

In 2021, the Irish articles of gut market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, faced a drastic downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Articles Of Gut Production in Ireland

In value terms, articles of gut production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Articles of gut production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Articles Of Gut Exports

Exports from Ireland

In 2021, overseas shipments of articles of gut, goldbeater’s skin, bladders or tendons decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, articles of gut exports rose remarkably to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for articles of gut exports from Ireland, with a X% share of total exports. Moreover, articles of gut exports to Peru exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was held by Australia (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Australia (-X% per year).

In value terms, Peru ($X), the United States ($X) and Australia ($X) appeared to be the largest markets for articles of gut exported from Ireland worldwide, together accounting for X% of total exports.

The United States, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average articles of gut export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Articles Of Gut Imports

Imports into Ireland

In 2021, purchases abroad of articles of gut, goldbeater’s skin, bladders or tendons was finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, articles of gut imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X kg), China (X kg) and Germany (X kg) were the main suppliers of articles of gut imports to Ireland, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and China ($X) constituted the largest articles of gut suppliers to Ireland, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 articles of gut import price stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Market Intelligence Platform

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