Luxembourg: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Luxembourg

In 2022, the Luxembourg jute and jute-like fibers market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Jute And Jute-Like Fibers in Luxembourg

In value terms, jute and jute-like fibers production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of jute and jute-like fibers in Luxembourg was estimated at less than X kg per ha in 2022, almost unchanged from the previous year. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of jute and jute-like fibers in Luxembourg stood at less than X ha, approximately equating the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Luxembourg

In 2022, jute and jute-like fibers exports from Luxembourg dropped sharply to X kg, which is down by X% against 2021. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports contracted dramatically to $X in 2022. Overall, exports saw a dramatic slump. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for jute and jute-like fibers exports from Luxembourg, with a X% share of total exports. Moreover, jute and jute-like fibers exports to Italy exceeded the volume sent to the second major destination, Germany (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Italy was relatively modest.

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

From 2012 to 2022, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Imports of Jute And Jute-Like Fibers

Imports into Luxembourg

In 2022, supplies from abroad of jute and jute-like fibers decreased by X% to X kg, falling for the second year in a row after three years of growth. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, jute and jute-like fibers imports fell notably to $X in 2022. Over the period under review, imports, however, continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of jute and jute-like fibers to Luxembourg, accounting for a X% share of total imports. Moreover, jute and jute-like fibers imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), threefold. The third position in this ranking was held by the Netherlands (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest jute and jute-like fibers suppliers to Luxembourg, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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