Sweden: Jute Market Overview 2020

Jute Market Size in Sweden

The revenue of the jute market in Sweden amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, jute consumption continues to indicate resilient growth. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the jute market reached its maximum level in 2018 and is likely to continue its growth in the near future.

Jute Exports

Exports from Sweden

In 2018, approx. X tonnes of jute and other textile fibres were exported from Sweden; waning by -X% against the previous year. In general, jute exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, jute exports attained their maximum at X tonnes in 2015; however, from 2016 to 2018, exports remained at a lower figure.

In value terms, jute exports totaled $X in 2018. Over the period under review, jute exports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, jute exports attained their maximum at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2018, the average annual rate of growth in terms of volume to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-X% per year) and Norway (+X% per year).

In value terms, the largest markets for jute exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), with a combined X% share of total exports. These countries were followed by Austria and France, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jute export price stood at $X per tonne in 2018, surging by X% against the previous year. Overall, the jute export price continues to indicate a moderate increase. The growth pace was the most rapid in 2010 when the average export price increased by X% year-to-year. In that year, the average export prices for jute and other textile fibres reached their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average export prices for jute and other textile fibres failed to regain its momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced mixed trend patterns.

Jute Imports

Imports into Sweden

Jute imports into Sweden stood at X tonnes in 2018, surging by X% against the previous year. Over the period under review, jute imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, jute imports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, jute imports stood at $X in 2018. In general, jute imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. In that year, jute imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

Taiwan, Chinese (X tonnes), Bangladesh (X tonnes) and China (X tonnes) were the main suppliers of jute imports to Sweden, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

In value terms, the largest jute suppliers to Sweden were Taiwan, Chinese ($X), China ($X) and Belgium ($X), with a combined X% share of total imports.

Taiwan, Chinese recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jute import price stood at $X per tonne in 2018, going down by -X% against the previous year. Overall, the jute import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2009 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for jute and other textile fibres attained their peak figure at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Taiwan, Chinese ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform