Latest Report Update: Jul 3, 2020

World - Jute And Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Dec 9, 2019

Global Jute Market 2019 - Bangladesh Continues to Dominate Exports, Despite Decline in the Past Few Years

IndexBox has just published a new report: 'World - Jute And Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global jute market revenue amounted to $2.7B in 2018, going up by 4.6% 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). The market value increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2011 when the market value increased by 18% year-to-year. In that year, the global jute market reached its peak level of $2.9B. From 2012 to 2018, the growth of the global jute market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of jute consumption in 2018 were India (2.1M tonnes), Bangladesh (1.4M tonnes) and Pakistan (91K tonnes), with a combined 90% share of global consumption.

From 2007 to 2018, the most notable rate of growth in terms of jute consumption, amongst the main consuming countries, was attained by Bangladesh, while the other global leaders experienced mixed trends in the consumption figures.

In value terms, India ($1.2B), Bangladesh ($899M) and Pakistan ($70M) were the countries with the highest levels of market value in 2018, with a combined 79% share of the global market.

In 2018, the highest levels of jute per capita consumption was registered in Bangladesh (8,154 kg per 1000 persons), followed by India (1,552 kg per 1000 persons), Pakistan (453 kg per 1000 persons) and China (54 kg per 1000 persons), while the world average per capita consumption of jute was estimated at 512 kg per 1000 persons.

In Bangladesh, jute per capita consumption expanded at an average annual rate of +14.5% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (-1.2% per year) and Pakistan (-4.8% per year).

Production 2007-2018

In 2018, approx. 3.9M tonnes of jute and jute–like fibers were produced worldwide; picking up by 2.4% against the previous year. The total output volume increased at an average annual rate of +1.8% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 when production volume increased by 24% year-to-year. In that year, global jute production reached its peak volume of 3.9M tonnes. From 2012 to 2018, global jute production growth remained at a lower figure. The general positive trend in terms of jute output was largely conditioned by mild growth of the harvested area and a modest increase in yield figures.

In value terms, jute production totaled $2.7B in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.8% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of 19% y-o-y. In that year, global jute production reached its peak level of $2.9B. From 2017 to 2018, global jute production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of jute production in 2018 were India (2.1M tonnes) and Bangladesh (1.6M tonnes), with a combined 93% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of jute production, amongst the main producing countries, was attained by Bangladesh.

Exports 2007-2018

Global exports totaled 291K tonnes in 2018, increasing by 5.7% against the previous year. Overall, jute exports, however, continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 18% year-to-year. The global exports peaked at 643K tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, jute exports stood at $213M (IndexBox estimates) in 2018. Overall, jute exports, however, continue to indicate a slight drop. The pace of growth was the most pronounced in 2010 with an increase of 48% against the previous year. The global exports peaked at $361M in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Bangladesh dominates jute exports structure, reaching 229K tonnes, which was near 79% of total exports in 2018. It was distantly followed by India (14K tonnes), creating a 4.8% share of total exports. The following exporters - Tanzania (12,710 tonnes), Belgium (10,536 tonnes), Kenya (8,787 tonnes) and Malaysia (4,638 tonnes) - together made up 13% of total exports.

Exports from Bangladesh decreased at an average annual rate of -8.0% from 2007 to 2018. At the same time, Malaysia (+33.3%), Belgium (+6.0%) and Tanzania (+1.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +33.3% from 2007-2018. By contrast, Kenya (-1.9%) and India (-6.6%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Belgium and Malaysia increased by +1.7% and +1.5% percentage points, while India (-5.4 p.p.) and Bangladesh (-117.5 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($158M) remains the largest jute supplier worldwide, comprising 74% of global exports. The second position in the ranking was occupied by Tanzania ($18M), with a 8.2% share of global exports. It was followed by Kenya, with a 6.5% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Bangladesh amounted to -1.8%. In the other countries, the average annual rates were as follows: Tanzania (+5.8% per year) and Kenya (+2.4% per year).

Export Prices by Country

The average jute export price stood at $734 per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the export price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +5.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, jute export price decreased by -11.1% against 2016 indices. The most prominent rate of growth was recorded in 2010 an increase of 38% year-to-year. Over the period under review, the average export prices for jute and jute–like fibers attained their peak figure at $825 per tonne in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Kenya ($1,572 per tonne), while Malaysia ($131 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 295K tonnes of jute and jute–like fibers were imported worldwide; jumping by 8% against the previous year. Over the period under review, jute imports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2016 when imports increased by 17% y-o-y. The global imports peaked at 496K tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, jute imports amounted to $197M (IndexBox estimates) in 2018. In general, jute imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 59% year-to-year. Over the period under review, global jute imports reached their maximum at $342M in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

Pakistan (91K tonnes) and India (64K tonnes) represented the largest importers of jute and jute–like fibers in 2018, amounting to near 31% and 22% of total imports, respectively. Nepal (41K tonnes) took the next position in the ranking, followed by China (31K tonnes). All these countries together took approx. 25% share of total imports. The following importers - Germany (8,103 tonnes), the UK (6,147 tonnes), Cote d'Ivoire (5,799 tonnes), Brazil (5,503 tonnes) and South Korea (4,465 tonnes) - together made up 10% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Germany, while the other global leaders experienced more modest paces of growth.

In value terms, the largest jute importing markets worldwide were Pakistan ($49M), India ($40M) and Nepal ($23M), with a combined 56% share of global imports.

Nepal recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average jute import price stood at $669 per tonne in 2018, going down by -7.9% against the previous year. In general, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +4.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, jute import price decreased by -18.3% against 2016 indices. The pace of growth was the most pronounced in 2010 an increase of 58% year-to-year. Over the period under review, the average import prices for jute and jute–like fibers reached their maximum at $819 per tonne in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Cote d'Ivoire ($1,097 per tonne), while China ($501 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nepal, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 780 - Jute
• FCL 782 - Jute-like fibres

This report provides an in-depth analysis of the global market for jute and jute-like fibers. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

Webinar: Global Pineapple Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global pineapple market.



Sunday, July 19th, 2020 @ 10:00 am ET


Register

Webinar: Global Strawberry Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global strawberry market.



Monday, July 20th, 2020 @ 10:00 am ET


Register

Webinar: Global Chicken Meat Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global chicken meat market.



Wednesday, July 22nd, 2020 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data