U.S.: Overview of the Market for Jute And Jute-Like Fibers 2021

Market Size for Jute And Jute-Like Fibers in the U.S.

In 2020, the U.S. jute and jute-like fibers market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Exports of Jute And Jute-Like Fibers

Exports from the U.S.

In 2020, exports of jute and jute-like fibers from the U.S. soared to X tonnes, rising by X% on the previous year. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, jute and jute-like fibers exports surged to $X in 2020. Overall, exports continue to indicate a resilient expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tonnes) was the main destination for jute and jute-like fibers exports from the U.S., accounting for a X% share of total exports. Moreover, jute and jute-like fibers exports to Greece exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. Mexico (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Mexico (+X% per year).

In value terms, the largest markets for jute and jute-like fibers exported from the U.S. were Greece ($X), Mexico ($X) and Nigeria ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Greece (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Colombia ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jute And Jute-Like Fibers

Imports into the U.S.

In 2020, approx. X tonnes of jute and jute-like fibers were imported into the U.S.; which is down by -X% against 2019 figures. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports fell markedly to $X in 2020. In general, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Bangladesh (X tonnes) constituted the largest supplier of jute and jute-like fibers to the U.S., with a X% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), eightfold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Bangladesh totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (-X% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to the U.S., comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Bangladesh totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Turkey (+X% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per tonne in 2020, leveling off at the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2010 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per tonne), while the price for Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform