Mexico: Jute Market Overview 2020

Jute Market Size in Mexico

The revenue of the jute market in Mexico amounted to $X in 2018, waning 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). Overall, jute consumption continues to indicate a deep shrinkage. The pace of growth was the most pronounced in 2015 with a decrease of -X% y-o-y. Over the period under review, the jute market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Jute Exports

Exports from Mexico

In 2018, approx. X kg of jute and other textile fibres were exported from Mexico; picking up by X% against the previous year. Overall, jute exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at X tonnes in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, jute exports amounted to $X in 2018. Over the period under review, jute exports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. In that year, jute exports attained their peak of $X. From 2014 to 2018, the growth of jute exports remained at a lower figure.

Exports by Country

The U.S. (X kg), India (X kg) and Canada (X kg) were the main destinations of jute exports from Mexico, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the U.S. (+X% per year), while the other leaders experienced mixed trend patterns.

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

From 2007 to 2018, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-X% per year) and Canada (-X% per year).

Export Prices by Country

The average jute export price stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. Overall, the jute export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to India ($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 Canada, while the prices for the other major destinations experienced a decline.

Jute Imports

Imports into Mexico

In 2018, approx. X tonnes of jute and other textile fibres were imported into Mexico; lowering by -X% against the previous year. Overall, jute imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2011 with a decrease of -X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, jute imports amounted to $X in 2018. In general, jute imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. In that year, jute imports reached their peak of $X. From 2014 to 2018, the growth of jute imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest supplier of jute to Mexico, with a X% share of total imports. Moreover, jute imports from the U.S. exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold. The third position in this ranking was occupied by South Korea (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (X% per year).

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

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

Import Prices by Country

The average jute import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Over the period under review, the jute import price, however, continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-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 remained at a somewhat lower figure.

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

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

Source: IndexBox AI Platform