South-Eastern Asia: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in South-Eastern Asia

In 2022, after four years of decline, there was significant growth in the Southeast Asian jute and jute-like fibers market, when its value increased by X% to $X. In general, consumption, however, saw a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in South-Eastern Asia

In value terms, jute and jute-like fibers production declined sharply to $X in 2022 estimated in export price. In general, production, however, saw modest growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted remarkably in the following year.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Jute And Jute-Like Fibers

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in shipments abroad of jute and jute-like fibers, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate notable growth. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, jute and jute-like fibers exports skyrocketed to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Indonesia was the key exporting country with an export of around X tons, which accounted for X% of total exports. Malaysia (X tons) took the second position in the ranking, followed by Vietnam (X tons) and Myanmar (X tons). All these countries together held near X% share of total exports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Lao People's Democratic Republic (X%), Myanmar (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lao People's Democratic Republic (X p.p.), Myanmar (X p.p.) and Vietnam (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest jute and jute-like fibers supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

In Indonesia, jute and jute-like fibers exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jute and jute-like fibers export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Imports of Jute And Jute-Like Fibers

Imports in South-Eastern Asia

In 2022, supplies from abroad of jute and jute-like fibers increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the major importer of jute and jute-like fibers in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Vietnam (X tons), Thailand (X tons) and Myanmar (X tons), together committing a X% share of total imports. The following importers - the Philippines (X tons) and Malaysia (X tons) - each recorded a X% share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Myanmar (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported jute and jute-like fibers in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In Indonesia, jute and jute-like fibers imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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