Singapore: Articles Of Gut Market 2024

Articles Of Gut Market Size in Singapore

The Singaporean articles of gut market contracted sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a abrupt downturn. Articles of gut consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Articles Of Gut Production in Singapore

In value terms, articles of gut production amounted to less than $X in 2022 estimated in export price. Overall, production, however, faced a sharp curtailment. The most prominent rate of growth was recorded in 2018 with a decrease of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Articles Of Gut Exports

Exports from Singapore

In 2022, overseas shipments of articles of gut, goldbeaters skin, bladders or tendons decreased by X% to X kg, falling for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of gut exports declined significantly to $X in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X kg), Macao SAR (X kg) and Hong Kong SAR (X kg) were the main destinations of articles of gut exports from Singapore, together comprising X% of total exports. Moreover, articles of gut exports in Indonesia exceeded the figures recorded by the second-largest exporter, Macao SAR, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Macao SAR ($X), Indonesia ($X) and Maldives ($X) appeared to be the largest markets for articles of gut exported from Singapore worldwide, with a combined X% share of total exports.

Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average articles of gut export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Gut Imports

Imports into Singapore

In 2022, supplies from abroad of articles of gut, goldbeaters skin, bladders or tendons decreased by X% to X kg, falling for the second year in a row after three years of decline. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, articles of gut imports shrank dramatically to $X in 2022. Over the period under review, imports showed a noticeable downturn. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Switzerland (X kg) was the main supplier of articles of gut to Singapore, accounting for a X% share of total imports. Moreover, articles of gut imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of articles of gut, goldbeaters skin, bladders or tendons to Singapore, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and China (X% per year).

Import Prices by Country

The average articles of gut import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, posted a mild expansion. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform