Articles of Gut Market in the United Kingdom
Market Overview
After two years of growth, the UK articles of gut market decreased by -
% to $ in . In general, consumption showed a sharp curtailment. Articles of gut consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, articles of gut production stood at $ in estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2015; however, from 2016 to , production remained at a lower figure.
% to $ in . In general, consumption showed a sharp curtailment. Articles of gut consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, articles of gut production stood at $
in estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2015; however, from 2016 to , production remained at a lower figure.Consumption
In , consumption of articles of gut, goldbeater’s skin, bladders or tendons decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a significant curtailment. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The value of the articles of gut market in the UK shrank sharply to $ in , falling 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 saw a precipitous slump. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, consumption of articles of gut, goldbeater’s skin, bladders or tendons decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a significant curtailment. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The value of the articles of gut market in the UK shrank sharply to $
in , falling 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 saw a precipitous slump. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for articles of gut in the UK, the market is expected to continue its downward consumption trend over the next eight years. 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 kg 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 period from to , which is projected to depress the market volume to kg 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
Articles of gut market in the UK consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the UK relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
The UK 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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