Middle East: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in the Middle East

In 2022, after two years of decline, there was significant growth in the Middle Eastern jute and jute-like fibers market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Jute And Jute-Like Fibers in the Middle East

In value terms, jute and jute-like fibers production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The country with the largest volume of jute and jute-like fibers production was Turkey (X tons), accounting for X% of total volume. Moreover, jute and jute-like fibers production in Turkey exceeded the figures recorded by the second-largest producer, Saudi Arabia (X tons), threefold.

In Turkey, jute and jute-like fibers production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

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Exports of Jute And Jute-Like Fibers

Exports in the Middle East

In 2022, jute and jute-like fibers exports in the Middle East dropped dramatically to X tons, shrinking by X% compared with 2021 figures. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports shrank remarkably to $X in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) was the major exporter of jute and jute-like fibers, achieving X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports. Israel (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a temperate expansion. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Jute And Jute-Like Fibers

Imports in the Middle East

In 2022, approx. X tons of jute and jute-like fibers were imported in the Middle East; picking up by X% against 2021 figures. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports surged to $X in 2022. In general, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Syrian Arab Republic (X tons), Saudi Arabia (X tons), Jordan (X tons) and Iran (X tons) were the key importers of jute and jute-like fibers, together comprising X% of total imports. Yemen (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported jute and jute-like fibers in the Middle East, comprising X% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Syrian Arab Republic (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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