Singapore: Articles Of Gut Market 2022

Articles Of Gut Market Size in Singapore

In 2021, the Singaporean articles of gut market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Articles Of Gut Production in Singapore

In value terms, articles of gut production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Articles Of Gut Exports

Exports from Singapore

After two years of growth, shipments abroad of articles of gut, goldbeater’s skin, bladders or tendons decreased by -X% to X kg in 2021. Over the period under review, exports, however, saw a tangible increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X kg in 2020, and then shrank markedly in the following year.

In value terms, articles of gut exports totaled $X in 2021. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at +X%.

In value terms, Indonesia ($X) also remains the key foreign market for articles of gut exports from Singapore.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -X%.

Export Prices by Country

In 2021, the average articles of gut export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Indonesia.

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to -X% per year.

Articles Of Gut Imports

Imports into Singapore

In 2021, supplies from abroad of articles of gut, goldbeater’s skin, bladders or tendons decreased by -X% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, articles of gut imports reduced remarkably to $X in 2021. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2020, and then declined sharply in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest articles of gut supplier to Singapore, accounting for a X% share of total imports. Moreover, articles of gut imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X kg), fivefold. The third position in this ranking was held by Thailand (X kg), with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of articles of gut to Singapore, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2021, the average articles of gut import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :