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

Market Size for Jute And Jute-Like Fibers in the Philippines

In 2020, the Philippine jute and jute-like fibers market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Exports of Jute And Jute-Like Fibers

Exports from the Philippines

In 2020, after two years of decline, there was growth in shipments abroad of jute and jute-like fibers, when their volume increased by X% to X tonnes. Over the period under review, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, jute and jute-like fibers exports shrank modestly to $X in 2020. In general, exports showed a notable increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2016 to 2020, the growth exports remained at a lower figure.

Exports by Country

Spain (X tonnes) was the main destination for jute and jute-like fibers exports from the Philippines, accounting for a X% share of total exports. Moreover, jute and jute-like fibers exports to Spain exceeded the volume sent to the second major destination, China (X tonnes), threefold. Japan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Japan (+X% per year).

In value terms, Spain ($X) remains the key foreign market for jute and jute-like fibers exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Japan (+X% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the export price, however, showed a mild expansion. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into the Philippines

After two years of decline, supplies from abroad of jute and jute-like fibers increased by X% to X tonnes in 2020. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2020. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Kenya (X tonnes), Tanzania (X tonnes) and Bangladesh (X tonnes) were the main suppliers of jute and jute-like fibers imports to the Philippines, with a combined X% share of total imports. India lagged somewhat behind, comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jute and jute-like fibers suppliers to the Philippines were Kenya ($X), Tanzania ($X) and Bangladesh ($X), with a combined X% share of total imports. These countries were followed by India, which accounted for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average jute and jute-like fibers import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, jute and jute-like fibers import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is likely to see steady growth in years to come.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 2020 were India (2.2M tonnes), Bangladesh (1.4M tonnes) and Pakistan (95K tonnes), together comprising 91% 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 2020 were India (2.1M tonnes) and Bangladesh (1.7M tonnes).
What are the leading suppliers of jute and jute-like fibers to the Philippines?
+
In value terms, the largest jute and jute-like fibers suppliers to the Philippines were Kenya ($299K), Tanzania ($168K) and Bangladesh ($155K), with a combined 92% share of total imports. These countries were followed by India, which accounted for a further 3.8%.
What are the leading importers of jute and jute-like fibers from the Philippines?
+
In value terms, Spain ($49K) remains the key foreign market for jute and jute-like fibers exports from the Philippines, comprising 49% of total exports. The second position in the ranking was occupied by China ($21K), with a 21% share of total exports. It was followed by Japan, with a 8.8% share.
What is the average export price for jute and jute-like fibers in the Philippines?
+
The average jute and jute-like fibers export price stood at $1,977 per tonne in 2020, which is down by -2.9% against the previous year.
What is the average import price for jute and jute-like fibers in the Philippines?
+
In 2020, the average jute and jute-like fibers import price amounted to $1,627 per tonne, rising by 11% 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 the Philippines. 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:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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