Italy: Jute Market Overview 2020

Jute Market Size in Italy

The revenue of the jute market in Italy amounted to $X in 2018, growing by X% against the previous year. Overall, jute consumption continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Jute consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Jute Production in Italy

In value terms, jute production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, jute production reached its peak level and is likely to continue its growth in the immediate term.

Jute Exports

Exports from Italy

In 2018, the exports of jute and other textile fibres from Italy stood at X tonnes, rising by X% against the previous year. Overall, jute exports, however, continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, jute exports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, jute exports stood at $X in 2018. Overall, jute exports, however, continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tonnes) was the main destination for jute exports from Italy, with a X% share of total exports. Moreover, jute exports to Slovakia exceeded the volume sent to the second major destination, Kenya (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

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

In value terms, China ($X) remains the key foreign market for jute exports from Italy, comprising X% of total jute exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

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

Export Prices by Country

In 2018, the average jute export price amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the jute export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. In that year, the average export prices for jute and other textile fibres reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average export prices for jute and other textile fibres remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($X per tonne), while the average price for exports to Slovakia ($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 Mozambique, while the prices for the other major destinations experienced a decline.

Jute Imports

Imports into Italy

Jute imports into Italy totaled X tonnes in 2018, waning by -X% against the previous year. In general, jute imports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, jute imports totaled $X in 2018. Overall, jute imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

India (X tonnes), Mozambique (X tonnes) and Pakistan (X kg) were the main suppliers of jute imports to Italy, together accounting for X% of total imports. Bangladesh, China, Slovenia, Belgium and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of jute to Italy, comprising X% of total jute imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

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

Import Prices by Country

In 2018, the average jute import price amounted to $X per tonne, declining by -X% against the previous year. In general, the jute import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. In that year, the average import prices for jute and other textile fibres reached their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the average import prices for jute and other textile fibres remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for Slovenia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform