Iran: Market for Jute And Jute-Like Fibers 2022

Market Size for Jute And Jute-Like Fibers in Iran

In 2021, the Iranian jute and jute-like fibers market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a significant curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Jute And Jute-Like Fibers

Exports from Iran

In 2021, the amount of jute and jute-like fibers exported from Iran fell to X tons, shrinking by -X% against 2020 figures. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, jute and jute-like fibers exports declined to $X in 2021. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Iraq (X tons) was the main destination for jute and jute-like fibers exports from Iran, accounting for a X% share of total exports. Moreover, jute and jute-like fibers exports to Iraq exceeded the volume sent to the second major destination, Armenia (X kg), more than tenfold.

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

In value terms, Iraq ($X) remains the key foreign market for jute and jute-like fibers exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iraq stood at +X%.

Export Prices by Country

In 2021, the average jute and jute-like fibers export price amounted to $X per ton, reducing by -X% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, jute and jute-like fibers export price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2020, and then shrank slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iraq ($X per ton), while the average price for exports to Armenia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+X%).

Imports of Jute And Jute-Like Fibers

Imports into Iran

In 2021, after two years of growth, there was decline in purchases abroad of jute and jute-like fibers, when their volume decreased by -X% to X tons. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. 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 declined to $X in 2021. Over the period under review, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bangladesh (X tons) was the main supplier of jute and jute-like fibers to Iran, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Bangladesh amounted to -X%.

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Iran.

From 2012 to 2021, the average annual growth rate of value from Bangladesh amounted to -X%.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform