Articles of Gut Market in Israel
Market Overview
In 
, the Israeli articles of gut market decreased by -% to $ for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, posted a modest expansion. As a result, consumption attained the peak level of $, and then declined sharply in the following year.
In value terms, articles of gut production amounted to $ in estimated in export price. Over the period under review, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. Articles of gut production peaked at $ in 2010; however, from 2011 to , production failed to regain momentum.
, the Israeli articles of gut market decreased by -% to $ for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, posted a modest expansion. As a result, consumption attained the peak level of $, and then declined sharply in the following year.In value terms, articles of gut production amounted to $
in estimated in export price. Over the period under review, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. Articles of gut production peaked at $ in 2010; however, from 2011 to , production failed to regain momentum.Consumption
In , after four years of growth, there was significant decline in consumption of articles of gut, goldbeater’s skin, bladders or tendons, when its volume decreased by -% to tons. Over the period under review, consumption, however, saw modest growth. As a result, consumption reached the peak volume of tons, and then contracted markedly in the following year.
The size of the articles of gut market in Israel declined sharply to $ in , reducing 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). Overall, consumption, however, continues to indicate a mild expansion. As a result, consumption reached the peak level of $, and then declined rapidly in the following year.
, after four years of growth, there was significant decline in consumption of articles of gut, goldbeater’s skin, bladders or tendons, when its volume decreased by -% to tons. Over the period under review, consumption, however, saw modest growth. As a result, consumption reached the peak volume of tons, and then contracted markedly in the following year.The size of the articles of gut market in Israel declined sharply to $
in , reducing 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). Overall, consumption, however, continues to indicate a mild expansion. As a result, consumption reached the peak level of $, and then declined rapidly in the following year.Market Forecast
The articles of gut market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 .
% for the eight-year 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Israel remains a net importer of articles of gut; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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