Vietnam: Articles Of Gut Market 2022

Articles Of Gut Market Size in Vietnam

The Vietnamese articles of gut market surged to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw significant growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Articles Of Gut Exports

Exports from Vietnam

Articles of gut exports from Vietnam dropped remarkably to X kg in 2021, falling by -X% against the year before. In general, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, articles of gut exports fell rapidly to $X in 2021. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for articles of gut exports from Vietnam, with a X% share of total exports. Moreover, articles of gut exports to Denmark exceeded the volume sent to the second major destination, Thailand (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Finland (X% per year).

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

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to -X%.

Export Prices by Country

The average articles of gut export price stood at $X per ton in 2021, waning by -X% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Denmark ($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 Thailand (+X%), while the prices for the other major destinations experienced a decline.

Articles Of Gut Imports

Imports into Vietnam

In 2021, approx. X tons of articles of gut, goldbeater’s skin, bladders or tendons were imported into Vietnam; increasing by X% compared with 2020 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, articles of gut imports skyrocketed to $X in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of articles of gut to Vietnam, with a X% share of total imports. Moreover, articles of gut imports from Thailand exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold. The third position in this ranking was held by Malaysia (X kg), with a X% share.

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

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

From 2012 to 2021, the average annual growth rate of value 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 Malaysia (-X% per year).

Import Prices by Country

In 2021, the average articles of gut import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, faced a deep slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Brazil ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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