Asia-Pacific: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Asia-Pacific

The Asia-Pacific jute and jute-like fibers market surged to $X in 2022, picking up by X% against the previous year. The market 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Jute And Jute-Like Fibers in Asia-Pacific

In value terms, jute and jute-like fibers production expanded modestly 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 in certain years. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The country with the largest volume of jute and jute-like fibers production was Bangladesh (X tons), comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Bangladesh was relatively modest.

Exports of Jute And Jute-Like Fibers

Exports in Asia-Pacific

In 2022, the amount of jute and jute-like fibers exported in Asia-Pacific fell to X tons, declining by X% compared with 2021 figures. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers exports declined slightly to $X in 2022. Over the period under review, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh represented the key exporter of jute and jute-like fibers in Asia-Pacific, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by India (X tons), creating a X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, 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-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Indonesia increased by X and X percentage points, respectively.

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

In Bangladesh, jute and jute-like fibers exports declined by an average annual rate of X% over the period from 2012-2022. 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 2022, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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 Indonesia ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Imports of Jute And Jute-Like Fibers

Imports in Asia-Pacific

In 2022, the amount of jute and jute-like fibers imported in Asia-Pacific surged to X tons, increasing by X% on the previous year's figure. In general, imports, however, saw a pronounced downturn. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importing country with an import of around X tons, which finished at X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Nepal (X%) and China (X%). South Korea (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the jute and jute-like fibers imports, with a CAGR of X% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. South Korea (X%), Nepal (X%) and China (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported jute and jute-like fibers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated a measured 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 import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 2022, 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 Platform

Frequently Asked Questions (FAQ) :