Southern Asia: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Southern Asia

The South Asian jute and jute-like fibers market soared to $X in 2022, picking up by X% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Jute And Jute-Like Fibers in Southern Asia

In value terms, jute and jute-like fibers production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The country with the largest volume of jute and jute-like fibers production was Bangladesh (X tons), accounting for X% of total volume.

In Bangladesh, jute and jute-like fibers production remained relatively stable over the period from 2012-2022.

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Exports of Jute And Jute-Like Fibers

Exports in Southern Asia

In 2022, approx. X tons of jute and jute-like fibers were exported in Southern Asia; which is down by X% on 2021 figures. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports contracted slightly to $X in 2022. In general, exports recorded a pronounced contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh represented the major exporter of jute and jute-like fibers in Southern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by India (X tons), creating a X% share of total exports.

Exports from Bangladesh decreased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Bangladesh ($X) remains the largest jute and jute-like fibers supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Bangladesh stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Jute And Jute-Like Fibers

Imports in Southern Asia

Jute and jute-like fibers imports skyrocketed to X tons in 2022, jumping by X% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Overall, imports saw a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importing country with an import of around X tons, which accounted for X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Nepal (X%).

India was also the fastest-growing in terms of the jute and jute-like fibers imports, with a CAGR of X% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. Nepal (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) and Nepal (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported jute and jute-like fibers in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports.

In India, jute and jute-like fibers imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Import price indicated a measured 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 import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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