Asia: Market for Jute And Jute-Like Fibers 2022

Market Size for Jute And Jute-Like Fibers in Asia

In 2021, the Asian jute and jute-like fibers market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank slightly in the following year.

Production of Jute And Jute-Like Fibers in Asia

In value terms, jute and jute-like fibers production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020, and then declined slightly in the following year.

The countries with the highest volumes of in 2021 were India (X tons) and Bangladesh (X tons).

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Bangladesh (with a CAGR of +X average jute and jute-like fibers yield amounted to X tons per ha in 2020, approximately reflecting the year before. The yield figure increased at an average annual rate of +X% from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the jute and jute-like fibers yield attained the maximum level in 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The jute and jute-like fibers harvested area reached X ha in 2020, remaining stable against 2019. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of harvested area peaked at X ha in 2012; afterwards, it flattened through to 2020.

Exports of Jute And Jute-Like Fibers

Exports in Asia

In 2021, overseas shipments of jute and jute-like fibers were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports rose notably to $X in 2021. In general, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Bangladesh (X tons) was the largest exporter of jute and jute-like fibers, comprising X% of total exports. It was distantly followed by India (X tons), committing a X% share of total exports. Indonesia (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to jute and jute-like fibers exports from Bangladesh stood at -X%. At the same time, Indonesia (+X%) and India (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. While the share of India (+X p.p.) and Indonesia (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-X p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) remains the largest jute and jute-like fibers supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In Bangladesh, jute and jute-like fibers exports shrank by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, falling by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Jute And Jute-Like Fibers

Imports in Asia

In 2021, the amount of jute and jute-like fibers imported in Asia dropped to X tons, falling by -X% compared with 2020. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2021. In general, imports saw a pronounced contraction. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X tons) and India (X tons) represented roughly X% of total imports in 2021. China (X tons) took the next position in the ranking, followed by Nepal (X tons). All these countries together held approx. X% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Pakistan (with a CAGR of -X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Pakistan ($X), India ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Pakistan, 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 a decline in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, jute and jute-like fibers import price increased by +X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Pakistan ($X per ton) and India ($X per ton), while South Korea ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :