Asia: Overview of the Market for Jute and Jute-Like Fibers 2021

Market Size for Jute and Jute-Like Fibers in Asia

For the third consecutive year, the Asian jute and jute-like fibers market recorded growth in sales value, which increased by X% to $X in 2020. in general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Production of Jute and Jute-Like Fibers in Asia

In value terms, jute and jute-like fibers production expanded slightly to $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% year-to-year. The level of production peaked in 2020 and is likely to continue growth in the immediate term.

The countries with the highest volumes of jute and jute-like fibers production in 2020 were India (X tonnes) and Bangladesh (X tonnes).

From 2007 to 2020, the most notable rate of growth in terms of jute and jute-like fibers production, amongst the main producing countries, was attained by Bangladesh.

The average jute and jute-like fibers yield shrank to X tonnes per ha in 2020, approximately equating 2019. Overall, the yield, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. The level of yield peaked at X tonnes per ha in 2019, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of jute and jute-like fibers were harvested in Asia; remaining stable against the previous year. in general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to jute and jute-like fibers production attained the peak figure at X ha in 2012; afterwards, it flattened through to 2020.

Production by Country in Asia

The countries with the highest volumes of jute and jute-like fibers production in 2020 were India (X tonnes) and Bangladesh (X tonnes).

From 2007 to 2020, the most notable rate of growth in terms of jute and jute-like fibers production, amongst the leading producing countries, was attained by Bangladesh.

Exports of Jute and Jute-Like Fibers

Exports in Asia

In 2020, approx. X tonnes of jute and jute-like fibers were exported in Asia; waning by -X% against the previous year's figure. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers exports expanded slightly to $X in 2020. in general, exports showed a pronounced descent. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Bangladesh was the largest exporting country with an export of about X tonnes, which finished at X% of total exports. It was distantly followed by India (X tonnes), making up a X% share of total exports.

Exports from Bangladesh decreased at an average annual rate of -X% from 2007 to 2020. India experienced a relatively flat trend pattern. While the share of India (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Bangladesh (-X p.p.) displayed negative dynamics.

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

From 2007 to 2020, the average annual growth rate of value in Bangladesh stood at -X%.

Export Prices by Country

The jute and jute-like fibers export price in Asia stood at $X per tonne in 2020, picking up by X% against the previous year. Export price indicated a prominent increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, jute and jute-like fibers export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The level of export peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. in 2020, the country with the highest price was India ($X per tonne), while Bangladesh totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh.

Imports of Jute and Jute-Like Fibers

Imports in Asia

In 2020, after three years of decline, there was growth in supplies from abroad of jute and jute-like fibers, when their volume increased by X% to X tonnes. in general, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, jute and jute-like fibers imports rose remarkably to $X in 2020. Overall, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X tonnes) and India (X tonnes) were the key importers of jute and jute-like fibers in 2020, reaching approx. X% and X% of total imports, respectively. It was distantly followed by China (X tonnes) and Nepal (X tonnes), together creating a X% share of total imports. South Korea (X tonnes) occupied a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal, while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest jute and jute-like fibers importing markets in Asia were Pakistan ($X), India ($X) and Nepal ($X), together comprising X% of total imports.

Nepal saw 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 jute and jute-like fibers import price in Asia stood at $X per tonne in 2020, growing by X% against the previous year. Import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, jute and jute-like fibers import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. in 2020, major importing countries recorded the following prices: in Nepal ($X per tonne) and South Korea ($X per tonne), while India ($X per tonne) and Pakistan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nepal, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform