Germany: Jute Market Overview 2020

Jute Market Size in Germany

The revenue of the jute market in Germany amounted to $X in 2018, falling 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, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the jute market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Jute Exports

Exports from Germany

Jute exports from Germany totaled X tonnes in 2018, jumping by X% against the previous year. Over the period under review, jute exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, jute exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, jute exports amounted to $X in 2018. In general, jute exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, jute exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Slovakia (X tonnes) was the main destination for jute exports from Germany, accounting for a X% share of total exports. Moreover, jute exports to Slovakia exceeded the volume sent to the second major destination, India (X tonnes), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Slovakia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Slovenia (+X% per year).

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

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

Export Prices by Country

The average jute export price stood at $X per tonne in 2018, dropping by -X% against the previous year. Over the period under review, the jute export price continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. In that year, the average export prices for jute and other textile fibres attained their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Slovakia ($X per tonne), while the average price for exports to India ($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 a decline.

Jute Imports

Imports into Germany

In 2018, approx. X tonnes of jute and other textile fibres were imported into Germany; reducing by -X% against the previous year. Over the period under review, jute imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. In that year, jute imports attained their peak of X tonnes. From 2013 to 2018, the growth of jute imports failed to regain its momentum.

In value terms, jute imports amounted to $X in 2018. Over the period under review, jute imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Belgium (X tonnes) constituted the largest jute supplier to Germany, accounting for a X% share of total imports. Moreover, jute imports from Belgium exceeded the figures recorded by the second-largest supplier, Bangladesh (X tonnes), fivefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and the Netherlands (-X% per year).

In value terms, the largest jute suppliers to Germany were Belgium ($X), the Netherlands ($X) and Bangladesh ($X), together comprising X% of total imports. These countries were followed by Tanzania, Kenya and Mozambique, which together accounted for a further X the main suppliers, Kenya recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average jute import price amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the jute import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. In that year, the average import prices for jute and other textile fibres reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for jute and other textile fibres failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the price for Mozambique ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform