U.S.: Market for Jute And Jute-Like Fibers 2022

Exports of Jute And Jute-Like Fibers

Exports from the U.S.

For the third year in a row, the United States recorded growth in overseas shipments of jute and jute-like fibers, which increased by X% to X tonnes in 2020. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the exports hit record highs in 2020 and are likely to continue growth in the near future.

In value terms, jute and jute-like fibers exports totaled $X in 2020. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, the exports reached the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

Greece (X tonnes), Canada (X tonnes) and Mexico (X tonnes) were the main destinations of jute and jute-like fibers exports from the United States, with a combined X% share of total exports. Nigeria, Colombia, Belgium and Peru lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Nigeria (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jute and jute-like fibers exported from the United States were Greece ($X), Mexico ($X) and Nigeria ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Nigeria, with a CAGR of +X%, 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 more modest paces of growth.

Export Prices by Country

In 2020, the average jute and jute-like fibers export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Nigeria ($X per tonne), while the average price for exports to Peru ($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 Nigeria (+X%), 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, purchases abroad of jute and jute-like fibers decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports contracted notably to $X in 2020. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Bangladesh (X tonnes) constituted the largest jute and jute-like fibers supplier to the United States, 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), tenfold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

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

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

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

Import Prices by Country

In 2020, the average jute and jute-like fibers import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2010 to 2020, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform