Czech Republic: Jute Market Overview 2020

Jute Market Size in the Czech Republic

The revenue of the jute market in the Czech Republic amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, jute consumption continues to indicate an outstanding increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the jute market attained its maximum level at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Jute Exports

Exports from the Czech Republic

In 2018, the jute exports from the Czech Republic amounted to X tonnes, waning by -X% against the previous year. In general, jute exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, jute exports totaled $X in 2018. Overall, jute exports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, jute exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Mozambique (X tonnes) was the main destination for jute exports from the Czech Republic, accounting for a X% share of total exports. Moreover, jute exports to Mozambique exceeded the volume sent to the second major destination, Bulgaria (X tonnes), twofold.

From 2007 to 2018, the average annual growth rate of volume to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Slovakia (-X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for jute exports from the Czech Republic, comprising X% of total jute exports. The second position in the ranking was occupied by Mozambique ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Bulgaria amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Slovakia (-X% per year).

Export Prices by Country

The average jute export price stood at $X per tonne in 2018, coming down by -X% against the previous year. Over the period under review, the jute export price continues to indicate a temperate slump. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. In that year, the average export prices for jute and other textile fibres reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for jute and other textile fibres failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Bulgaria ($X per tonne), while the average price for exports to Mozambique ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced mixed trend patterns.

Jute Imports

Imports into the Czech Republic

In 2018, approx. X tonnes of jute and other textile fibres were imported into the Czech Republic; jumping by X% against the previous year. In general, jute imports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, jute imports reached their maximum at X tonnes in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, jute imports stood at $X in 2018. In general, jute imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, jute imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Belgium (X tonnes) was the main jute supplier to the Czech Republic, with a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Belgium amounted to +X%.

In value terms, Belgium ($X) constituted the largest supplier of jute to the Czech Republic.

From 2007 to 2018, the average annual growth rate of value from Belgium stood at +X%.

Import Prices by Country

In 2018, the average jute import price amounted to $X per tonne, jumping by X% against the previous year. Overall, the jute import price, however, continues to indicate a precipitous reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2007 to 2018, the rate of growth in terms of prices for Belgium amounted to -X% per year.

Source: IndexBox AI Platform