Saudi Arabia: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Saudi Arabia

In 2022, the Saudi jute and jute-like fibers market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. In general, consumption, however, faced a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Jute And Jute-Like Fibers in Saudi Arabia

In value terms, jute and jute-like fibers production soared to $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X,830% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of jute and jute-like fibers in Saudi Arabia stood at less than X kg per ha in 2022, almost unchanged from the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of jute and jute-like fibers were harvested in Saudi Arabia; remaining stable against the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

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Exports of Jute And Jute-Like Fibers

Exports from Saudi Arabia

Jute and jute-like fibers exports from Saudi Arabia soared to X tons in 2022, rising by X% on the year before. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports soared to $X in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for jute and jute-like fibers exports from Saudi Arabia, with a X% share of total exports. Moreover, jute and jute-like fibers exports to Belgium exceeded the volume sent to the second major destination, Yemen (X kg), more than tenfold.

From 2020 to 2021, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for jute and jute-like fibers exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Yemen ($X), with a X% share of total exports.

From 2020 to 2021, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2021, the average jute and jute-like fibers export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a deep setback. The export price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Yemen amounted to $X per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Saudi Arabia

In 2022, approx. X tons of jute and jute-like fibers were imported into Saudi Arabia; approximately reflecting 2021 figures. Overall, imports showed a precipitous setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, jute and jute-like fibers imports amounted to $X in 2022. In general, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest jute and jute-like fibers supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, jute and jute-like fibers imports from Tanzania exceeded the figures recorded by the second-largest supplier, Egypt (X tons), eightfold. Kenya (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tanzania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Kenya (X% per year).

In value terms, Tanzania ($X) constituted the largest supplier of jute and jute-like fibers to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with an X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tanzania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Kenya (X% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price posted prominent growth. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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