Overview of the Global Market for Jute And Jute-Like Fibers

Market Size for Jute And Jute-Like Fibers

In 2021, after two years of growth, there was decline in the global jute and jute-like fibers market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the global market hit record highs at $X in 2020, and then reduced modestly in the following year.

Production of Jute And Jute-Like Fibers

In value terms, jute and jute-like fibers production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; 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%. Over the period under review, global production attained the peak level at $X in 2020, and then declined slightly in the following year.

The countries with the highest volumes of in 2021 were India (X tons) and Bangladesh (X tons).

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Bangladesh (with a CAGR of +X 2020, the global average yield of jute and jute-like fibers stood at X tons per ha, flattening at the previous year's figure. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The global yield peaked in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global jute and jute-like fibers harvested area stood at X ha in 2020, almost unchanged from the previous year. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to jute and jute-like fibers production reached the maximum at X ha in 2012; however, from 2013 to 2020, the harvested area remained at a lower figure.

Exports of Jute And Jute-Like Fibers

Exports

In 2021, shipments abroad of jute and jute-like fibers was finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the global exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports amounted to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh represented the key exporter of jute and jute-like fibers in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2021. India (X tons) took the second position in the ranking, distantly followed by Tanzania (X tons). All these countries together took approx. X% share of total exports. The following exporters - Indonesia (X tons) and Belgium (X tons) - each amounted to a X% share of total exports.

Exports from Bangladesh decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Indonesia (+X%), Tanzania (+X%), India (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. India (+X p.p.), Tanzania (+X p.p.), Indonesia (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the global exports, while Bangladesh saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Bangladesh ($X) remains the largest jute and jute-like fibers supplier worldwide, comprising X% of global exports. The second position in the ranking was held by India ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Bangladesh, jute and jute-like fibers exports contracted by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+X% per year) and Tanzania (+X% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Tanzania ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other global leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports

For the fifth consecutive year, the global market recorded decline in supplies from abroad of jute and jute-like fibers, which decreased by -X% to X tons in 2021. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, global imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports surged to $X in 2021. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Pakistan (X tons) and India (X tons) were the largest importers of jute and jute-like fibersacross the globe, together mixing up X% of total imports. China (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%). Brazil (X tons), South Korea (X tons), Cote d'Ivoire (X tons), Germany (X tons), Nigeria (X tons), the UK (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of global imports. These countries were followed by Nepal, Brazil, the UK, Nigeria, Germany, Cote d'Ivoire, South Korea and Tunisia, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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