Australia: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Australia

The Australian jute and jute-like fibers market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a significant decrease. Jute and jute-like fibers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in Australia

In value terms, jute and jute-like fibers production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average jute and jute-like fibers yield in Australia stood at less than X kg per ha, therefore, remained relatively stable against the previous year. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the jute and jute-like fibers harvested area in Australia totaled less than X ha, flattening at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

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Exports of Jute And Jute-Like Fibers

Exports from Australia

Jute and jute-like fibers exports from Australia surged to X tons in 2022, picking up by X% compared with 2021 figures. Over the period under review, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, jute and jute-like fibers exports surged to $X in 2022. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for jute and jute-like fibers exports from Australia, accounting for a X% share of total exports. Moreover, jute and jute-like fibers exports to Papua New Guinea exceeded the volume sent to the second major destination, New Caledonia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and New Zealand (X% per year).

In value terms, the largest markets for jute and jute-like fibers exported from Australia were Papua New Guinea ($X), New Caledonia ($X) and New Zealand ($X), together accounting for X% of total exports.

Papua New Guinea, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Australia

Jute and jute-like fibers imports into Australia surged to X tons in 2022, picking up by X% on 2021 figures. Overall, imports, however, showed a sharp slump. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2022. In general, imports, however, saw a precipitous setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest jute and jute-like fibers supplier to Australia, with a X% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and the United States (X% per year).

In value terms, Tanzania ($X) constituted the largest supplier of jute and jute-like fibers to Australia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Tanzania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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