Africa: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Africa

The African jute and jute-like fibers market expanded modestly to $X in 2022, rising by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in Africa

In value terms, jute and jute-like fibers production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021, and then declined in the following year.

Kenya (X tons) constituted the country with the largest volume of jute and jute-like fibers production, accounting for X% of total volume. Moreover, jute and jute-like fibers production in Kenya exceeded the figures recorded by the second-largest producer, Tanzania (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Kenya totaled X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Mozambique (X% per year).

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Exports of Jute And Jute-Like Fibers

Exports in Africa

In 2022, overseas shipments of jute and jute-like fibers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a mild setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports amounted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Tanzania (X tons) represented the main exporter of jute and jute-like fibers, achieving X% of total exports. Kenya (X tons) ranks second in terms of the total exports with a X% share, followed by Mozambique (X%).

Tanzania was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of X% from 2012 to 2022. Mozambique (X%) and Kenya (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kenya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kenya ($X), Tanzania ($X) and Mozambique ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jute and jute-like fibers export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Imports of Jute And Jute-Like Fibers

Imports in Africa

In 2022, purchases abroad of jute and jute-like fibers decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports fell to $X in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) and Tunisia (X tons) represented the main importers of jute and jute-like fibers in Africa, together creating X% of total imports. Nigeria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ethiopia (X%) and Egypt (X%). Ghana (X tons), Senegal (X tons), Kenya (X tons) and Togo (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Tunisia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Egypt, Ethiopia, Ghana, Kenya, Togo and Senegal lagged somewhat behind, together comprising a further X%.

Togo, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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