Sweden: Overview of the Market for Jute And Jute-Like Fibers 2021

Market Size for Jute And Jute-Like Fibers in Sweden

In 2019, the Swedish jute and jute-like fibers market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Jute and jute-like fibers consumption peaked in 2019 and is expected to retain growth in years to come.

Production of Jute And Jute-Like Fibers in Sweden

In value terms, jute and jute-like fibers production skyrocketed to $X in 2019 estimated in export prices. In general, production, however, saw a abrupt curtailment. Jute and jute-like fibers production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

In 2019, the average jute and jute-like fibers yield in Sweden totaled X kg per ha, almost unchanged from 2018 figures. Overall, the yield showed 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 2019, the total area harvested in terms of jute and jute-like fibers production in Sweden was estimated at X ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Sweden

After two years of decline, shipments abroad of jute and jute-like fibers increased by X% to X tonnes in 2019. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, jute and jute-like fibers exports soared to $X in 2019. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Norway (X tonnes) was the main destination for jute and jute-like fibers exports from Sweden, accounting for a X% share of total exports. Moreover, jute and jute-like fibers exports to Norway exceeded the volume sent to the second major destination, Denmark (X tonnes), threefold. The third position in this ranking was occupied by Finland (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Norway stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Finland (-X% per year).

In value terms, the largest markets for jute and jute-like fibers exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), with a combined X% share of total exports.

Among the main countries of destination, Denmark saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Finland, while the prices for the other major destinations experienced a decline.

Imports of Jute And Jute-Like Fibers

Imports into Sweden

After two years of growth, supplies from abroad of jute and jute-like fibers decreased by -X% to X tonnes in 2019. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports totaled $X in 2019. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X tonnes), China (X tonnes) and the UK (X tonnes) were the main suppliers of jute and jute-like fibers imports to Sweden, together comprising X% of total imports. These countries were followed by Belgium, Norway and Germany, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jute and jute-like fibers suppliers to Sweden were China ($X), Bangladesh ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by Belgium, Germany and Norway, which together accounted for a further X the main suppliers, Germany saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, import price indicated notable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, jute and jute-like fibers import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Norway ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bangladesh, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jute and jute-like fibers in the world?

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The countries with the highest volumes of jute and jute-like fibers consumption in 2019 were India (2.1M tonnes), Bangladesh (1.4M tonnes) and Pakistan (94K tonnes), with a combined 91% share of global consumption.

What are the largest producers of jute and jute-like fibers in the world?

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The countries with the highest volumes of jute and jute-like fibers production in 2019 were India (2.1M tonnes) and Bangladesh (1.6M tonnes), with a combined 93% share of global production.

What are the leading suppliers of jute and jute-like fibers to Sweden?

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In value terms, China ($58K), Bangladesh ($54K) and the UK ($14K) were the largest jute and jute-like fibers suppliers to Sweden, with a combined 85% share of total imports. Belgium, Germany and Norway lagged somewhat behind, together comprising a further 14%.

What are the leading importers of jute and jute-like fibers from Sweden?

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In value terms, the largest markets for jute and jute-like fibers exported from Sweden were Norway ($48K), Denmark ($45K) and Finland ($13K), together accounting for 90% of total exports.

What is the average export price for jute and jute-like fibers in Sweden?

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The average jute and jute-like fibers export price stood at $4,072 per tonne in 2019, picking up by 8.1% against the previous year.

What is the average import price for jute and jute-like fibers in Sweden?

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The average jute and jute-like fibers import price stood at $4,007 per tonne in 2019, increasing by 2.1% against the previous year.