Saudi Arabia: Articles Of Gut Market 2022

Articles Of Gut Market Size in Saudi Arabia

The Saudi articles of gut market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Articles Of Gut Production in Saudi Arabia

In value terms, articles of gut production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Articles Of Gut Exports

Exports from Saudi Arabia

In 2021, approx. less than X kg of articles of gut, goldbeater’s skin, bladders or tendons were exported from Saudi Arabia; stabilizing at the previous year. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, articles of gut exports fell markedly to less than $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X kg) was the main destination for articles of gut exports from Saudi Arabia, with a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Tanzania was relatively modest.

From 2012 to 2017, the average annual growth rate of value to Tanzania was relatively modest.

Export Prices by Country

The average articles of gut export price stood at $X per ton in 2017, waning by -X% against the previous year. Overall, the export price faced a sharp decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2017, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2012 to 2017, the rate of growth in terms of prices for Tanzania amounted to X% per year.

Articles Of Gut Imports

Imports into Saudi Arabia

For the third consecutive year, Saudi Arabia recorded decline in supplies from abroad of articles of gut, goldbeater’s skin, bladders or tendons, which decreased by X% to X kg in 2021. Over the period under review, imports recorded a sharp curtailment. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, articles of gut imports stood at $X in 2021. Overall, imports continue to indicate a sharp reduction. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X kg) constituted the largest supplier of articles of gut to Saudi Arabia, with a X% share of total imports. Moreover, articles of gut imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X kg), sevenfold.

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

In value terms, the largest articles of gut suppliers to Saudi Arabia were the United Arab Emirates ($X), the United States ($X) and India ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average articles of gut import price amounted to $X per ton, flattening at the previous year. In general, the import price continues to indicate significant growth. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably countryorigin: the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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