Indonesia: Market for Jute And Jute-Like Fibers 2022

Market Size for Jute And Jute-Like Fibers in Indonesia

The Indonesian jute and jute-like fibers market fell rapidly to $X in 2021, waning by -X% against the previous year. In general, consumption faced a precipitous setback. Jute and jute-like fibers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Jute And Jute-Like Fibers in Indonesia

In value terms, jute and jute-like fibers production fell slightly to $X in 2021 estimated in export price. Overall, production, however, saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

The average yield of jute and jute-like fibers in Indonesia dropped notably to less than X kg per ha in 2021, with a decrease of -X% compared with the previous year. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the average jute and jute-like fibers yield hit record highs at X tons per ha in 2012; however, from 2013 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of jute and jute-like fibers were harvested in Indonesia; which is down by -X% compared with the year before. Over the period under review, the harvested area showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The jute and jute-like fibers harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Exports of Jute And Jute-Like Fibers

Exports from Indonesia

Jute and jute-like fibers exports from Indonesia surged to X tons in 2021, with an increase of X% compared with 2020. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, jute and jute-like fibers exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons) was the main destination for jute and jute-like fibers exports from Indonesia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +X%.

In value terms, Japan ($X) also remains the key foreign market for jute and jute-like fibers exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +X%.

Export Prices by Country

In 2021, the average jute and jute-like fibers export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to -X% per year.

Imports of Jute And Jute-Like Fibers

Imports into Indonesia

In 2021, after three years of decline, there was significant growth in supplies from abroad of jute and jute-like fibers, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports surged to $X in 2021. In general, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), Bangladesh (X tons) and Malaysia (X tons) were the main suppliers of jute and jute-like fibers imports to Indonesia, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jute and jute-like fibers suppliers to Indonesia were Japan ($X), Bangladesh ($X) and Myanmar ($X), with a combined X% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +X%, 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

In 2021, the average jute and jute-like fibers import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :