Updated Sep 23, 2022 06:44

Global Articles of Gut Market

Market Overview
In , after two years of decline, there was significant growth in the global articles of gut market, when its value increased by % to $. Overall, consumption, however, saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In value terms, articles of gut production reached $ in estimated in export price. In general, production, however, recorded a noticeable decline. The growth pace was the most rapid in 2019 when the production volume increased by % against the previous year. Global production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.

The country with the largest volume of articles of gut production was Spain ( tons), comprising approx. % of total volume. Moreover, articles of gut production in Spain exceeded the figures recorded by the second-largest producer, China ( tons), sevenfold. India ( tons) ranked third in terms of total production with a % share.

In Spain, articles of gut production remained relatively stable over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and India (+% per year).


Consumption
In , global articles of gut consumption shrank to tons, which is down by -% on the year before. Overall, consumption recorded a pronounced downturn. Over the period under review, global consumption reached the maximum volume at tons in 2012; however, from 2013 to , consumption remained at a lower figure.

The global articles of gut market value contracted 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). Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $, and then fell in the following year.


Consumption by Country
The countries with the highest volumes of consumption in were the United States ( tons), China ( tons) and India ( tons), together comprising % of global consumption. These countries were followed by Brazil, Russia, France, Italy, Germany, Spain, New Zealand, South Africa, Costa Rica and Paraguay, which together accounted for a further %.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Russia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($) led the market, alone. The second position in the ranking was taken by Brazil ($). It was followed by France.

From 2007 to , the average annual rate of growth in terms of value in Russia totaled +%. The remaining consuming countries recorded the following average annual rates of market growth: Brazil (+% per year) and France (+% per year).

From 2007 to , the average annual growth rate of the articles of gut per capita consumption in No country was relatively modest.


Market Forecast
Driven by rising demand for articles of gut worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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 .