Latin America and the Caribbean: Articles Of Gut Market 2024

Articles Of Gut Market Size in Latin America and the Caribbean

In 2023, the Latin American articles of gut market decreased by X% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Articles Of Gut Production in Latin America and the Caribbean

In value terms, articles of gut production totaled $X in 2023 estimated in export price. The total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Articles Of Gut Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of articles of gut, goldbeaters skin, bladders or tendons was finally on the rise to reach X tons after four years of decline. Overall, exports, however, continue to indicate a mild decrease. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, articles of gut exports stood at $X in 2023. In general, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Bolivia was the key exporter of articles of gut, goldbeaters skin, bladders or tendons in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Argentina (X tons) ranks second in terms of the total exports with a X% share, followed by Peru (X%) and Brazil (X%).

Bolivia was also the fastest-growing in terms of the articles of gut, goldbeaters skin, bladders or tendons exports, with a CAGR of X% from 2012 to 2023. Argentina (X%), Peru (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Bolivia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Peru (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest articles of gut supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Bolivia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X,243 per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced more modest paces of growth.

Articles Of Gut Imports

Imports in Latin America and the Caribbean

In 2023, approx. X tons of articles of gut, goldbeaters skin, bladders or tendons were imported in Latin America and the Caribbean; dropping by X% against 2022 figures. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, articles of gut imports skyrocketed to $X in 2023. Overall, imports recorded a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

The Dominican Republic (X tons), Peru (X tons) and Costa Rica (X tons) represented roughly X% of total imports in 2023. Ecuador (X tons), Mexico (X tons) and Colombia (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported articles of gut, goldbeaters skin, bladders or tendons in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports. It was followed by the Dominican Republic, with an X% share.

In Mexico, articles of gut imports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price, however, faced a deep slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X,908 per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform