Pakistan: Jute Market Overview 2020

Jute Market Size in Pakistan

The revenue of the jute market in Pakistan amounted to $X in 2018, falling 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). In general, jute consumption, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. In that year, the jute market attained its peak level of $X. From 2016 to 2018, the growth of the jute market failed to regain its momentum.

Jute Exports

Exports from Pakistan

In 2018, the jute exports from Pakistan totaled X tonnes, coming down by -X% against the previous year. In general, jute exports continue to indicate a precipitous reduction. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, jute exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, jute exports stood at $X in 2018. Overall, jute exports continue to indicate a precipitous drop. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, jute exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Oman (X tonnes) was the main destination for jute exports from Pakistan, with a X% share of total exports. Moreover, jute exports to Oman exceeded the volume sent to the second major destination, the UK (X kg), fourfold.

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

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

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

Export Prices by Country

In 2018, the average jute export price amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, the jute export price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid 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.

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

Jute Imports

Imports into Pakistan

Jute imports into Pakistan amounted to X tonnes in 2018, declining by -X% against the previous year. Over the period under review, jute imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. In that year, jute imports attained their peak of X tonnes. From 2016 to 2018, the growth of jute imports remained at a somewhat lower figure.

In value terms, jute imports amounted to $X in 2018. Over the period under review, jute imports, however, continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, jute imports attained their peak figure at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

China (X tonnes), Myanmar (X tonnes) and Bangladesh (X tonnes) were the main suppliers of jute imports to Pakistan, together accounting for X% of total imports. Taiwan, Chinese, the United Arab Emirates and India 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 the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value from Taiwan, Chinese totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (+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 continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the average import prices for jute and other textile fibres reached their maximum at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform