Mexico: Articles Of Gut Market 2022

Articles Of Gut Market Size in Mexico

After two years of growth, the Mexican articles of gut market decreased by -X% to $X in 2021. Over the period under review, consumption continues to indicate a mild descent. Articles of gut consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Articles Of Gut Exports

Exports from Mexico

After two years of decline, shipments abroad of articles of gut, goldbeater’s skin, bladders or tendons increased by X% to X tons in 2021. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, articles of gut exports surged to $X in 2021. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for articles of gut exports from Mexico, with a X% share of total exports. Moreover, articles of gut exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and the Dominican Republic (-X% per year).

In value terms, South Korea ($X) remains the key foreign market for articles of gut exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-X% per year) and the United States (-X% per year).

Export Prices by Country

In 2021, the average articles of gut export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 the Dominican Republic (-X%), while the prices for the other major destinations experienced a decline.

Articles Of Gut Imports

Imports into Mexico

In 2021, approx. X tons of articles of gut, goldbeater’s skin, bladders or tendons were imported into Mexico; which is down by -X% against 2020 figures. Over the period under review, imports saw a abrupt decline. The smallest decline of -X% was in 2019. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, articles of gut imports expanded to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of articles of gut to Mexico, accounting for a X% share of total imports. Moreover, articles of gut imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and China (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of articles of gut to Mexico, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average articles of gut import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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