Updated Jan 22, 2023 20:32

Animal Guts Market in the United Kingdom

Market Overview
The UK animal guts market declined dramatically to $ in , with a decrease of -% 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 recorded a sharp contraction. Animal guts consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, animal guts production amounted to $ in estimated in export price. Overall, the total production indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth appeared the most rapid in 2012 when the production volume increased by %. As a result, production attained the peak level of $. From 2013 to , production growth remained at a lower figure.


Consumption
Animal guts consumption in the UK declined rapidly to tons in , which is down by -% against the previous year's figure. Over the period under review, consumption showed a sharp shrinkage. Animal guts consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The value of the animal guts market in the UK fell sharply to $ in , waning by -% 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). In general, consumption saw a significant decrease. Animal guts consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for animal guts in the UK, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen-year period (from % to %).


Trade Balance
The UK remains a net exporter of animal guts; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.