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Nigeria - Jute And Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Overview of the Market for Jute And Jute-Like Fibers 2021

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Market Size for Jute And Jute-Like Fibers in Nigeria

In 2019, the Nigerien jute and jute-like fibers market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption saw buoyant growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018, and then declined in the following year.

Production of Jute And Jute-Like Fibers in Nigeria

In value terms, jute and jute-like fibers production totaled $X in 2019 estimated in export prices. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Jute and jute-like fibers production peaked in 2019 and is expected to retain growth in years to come.

In 2019, the average yield of jute and jute-like fibers in Nigeria rose modestly to X tonnes per ha, picking up by X% compared with the previous year's figure. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the yield increased by X% year-to-year. The jute and jute-like fibers yield peaked in 2019 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of jute and jute-like fibers were harvested in Nigeria; standing approx. at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2019.

Exports of Jute And Jute-Like Fibers

Exports from Nigeria

Jute and jute-like fibers exports from Nigeria totaled X kg in 2019, flattening at 2018 figures. Over the period under review, exports recorded a relatively flat trend pattern. Exports peaked at X kg in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, jute and jute-like fibers exports stood at $X in 2019. In general, exports showed a relatively flat trend pattern. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

From 2007 to 2014, the average annual growth rate of volume to No country was relatively modest.

From 2007 to 2014, the average annual growth rate of value to No country was relatively modest.

Imports of Jute And Jute-Like Fibers

Imports into Nigeria

In 2019, approx. X tonnes of jute and jute-like fibers were imported into Nigeria; with an increase of X% compared with the year before. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, jute and jute-like fibers imports amounted to $X in 2019. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

Kenya (X tonnes), Tanzania (X tonnes) and China (X tonnes) were the main suppliers of jute and jute-like fibers imports to Nigeria, together accounting for X% of total imports. Hong Kong SAR, Poland, Malaysia and the UK lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), Tanzania ($X) and Hong Kong SAR ($X) constituted the largest jute and jute-like fibers suppliers to Nigeria, together comprising X% of total imports. These countries were followed by China, Poland, the UK and Malaysia, which together accounted for a further X terms of the main suppliers, Poland (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the import price, however, saw tangible growth. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018, and then fell in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Tanzania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jute and jute-like fibers in the world?
+
The countries with the highest volumes of jute and jute-like fibers consumption in 2019 were India (2.1M tonnes), Bangladesh (1.4M tonnes) and Pakistan (94K tonnes), with a combined 91% share of global consumption.
What are the largest producers of jute and jute-like fibers in the world?
+
The countries with the highest volumes of jute and jute-like fibers production in 2019 were India (2.1M tonnes) and Bangladesh (1.6M tonnes), together comprising 93% of global production.
What are the leading suppliers of jute and jute-like fibers to Nigeria?
+
In value terms, Kenya ($1.3M), Tanzania ($890K) and Hong Kong SAR ($248K) were the largest jute and jute-like fibers suppliers to Nigeria, together accounting for 68% of total imports. These countries were followed by China, Poland, the UK and Malaysia, which together accounted for a further 20%.
What is the average import price for jute and jute-like fibers in Nigeria?
+
In 2019, the average jute and jute-like fibers import price amounted to $1,783 per tonne, with a decrease of -11.3% against the previous year.

Product coverage:
• FCL 780 - Jute
• FCL 782 - Jute-like fibres

This report provides an in-depth analysis of the market for jute and jute-like fibers in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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