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

Market Size for Jute and Jute-Like Fibers in the EU

The EU jute and jute-like fibers market reduced remarkably to $X in 2020, falling by -X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then reduced dramatically in the following year.

Production of Jute and Jute-Like Fibers in the EU

In value terms, jute and jute-like fibers production totaled $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

Belgium (X tonnes) constituted the country with the largest volume of jute and jute-like fibers production, comprising approx. X% of total volume. Moreover, jute and jute-like fibers production in Belgium exceeded the figures recorded by the second-largest producer, Portugal (X tonnes), more than tenfold. Italy (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Belgium was relatively modest. in the other countries, the average annual rates were as follows: Portugal (+X% per year) and Italy (-X% per year).

Production by Country in the EU

Belgium (X tonnes) constituted the country with the largest volume of jute and jute-like fibers production, comprising approx. X% of total volume. Moreover, jute and jute-like fibers production in Belgium exceeded the figures recorded by the second-largest producer, Portugal (X tonnes), more than tenfold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Belgium was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Portugal (+X% per year) and Italy (-X% per year).

Exports of Jute and Jute-Like Fibers

Exports in the EU

In 2020, after four years of growth, there was significant decline in overseas shipments of jute and jute-like fibers, when their volume decreased by -X% to X tonnes. Total exports indicated a modest expansion from 2007 to 2020: its volume 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. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2019, and then contracted remarkably in the following year.

In value terms, jute and jute-like fibers exports declined notably to $X in 2020. Over the period under review, exports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Belgium dominates jute and jute-like fibers exports structure, finishing at X tonnes, which was approx. X% of total exports in 2020. Germany (X tonnes), Portugal (X tonnes), Slovakia (X tonnes), Spain (X tonnes) and France (X tonnes) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of +X% from 2007 to 2020. at the same time, Slovakia (+X%), Portugal (+X%), Germany (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. by contrast, France (-X%) illustrated a downward trend over the same period. Belgium (+X p.p.), Slovakia (+X p.p.), Portugal (+X p.p.) and Germany (+X p.p.) significantly strengthened its position in terms of the total exports, while France saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest jute and jute-like fibers supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Belgium amounted to +X%. in the other countries, the average annual rates were as follows: Spain (+X% per year) and Germany (-X% per year).

Export Prices by Country

The jute and jute-like fibers export price in the European Union stood at $X per tonne in 2020, growing by X% against the previous year. Overall, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Spain ($X per tonne), while Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced a decline in the export price figures.

Imports of Jute and Jute-Like Fibers

Imports in the EU

In 2020, approx. X tonnes of jute and jute-like fibers were imported in the European Union; declining by -X% against the year before. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports shrank markedly to $X in 2020. in general, imports recorded a mild contraction. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), Spain (X tonnes), France (X tonnes), the Czech Republic (X tonnes), Poland (X tonnes), Belgium (X tonnes) and Slovenia (X tonnes) represented roughly X% of total imports of jute and jute-like fibers in 2020.

From 2007 to 2020, the biggest increases were in the Czech Republic, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jute and jute-like fibers importing markets in the European Union were Germany ($X), Spain ($X) and the Czech Republic ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Czech Republic saw the highest growth rate of the value of imports, 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 the European Union stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Poland ($X per tonne), while Slovenia ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform