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

Market Size for Jute and Jute-Like Fibers

The global jute and jute-like fibers market totaled $X in 2020, picking up by X% against the previous year. in general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Global consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Production of Jute and Jute-Like Fibers

In value terms, jute and jute-like fibers production expanded modestly to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, global production attained the maximum level in 2020 and is likely to see steady growth in years to come.

The countries with the highest volumes of jute and jute-like fibers production in 2020 were India (X tonnes) and Bangladesh (X tonnes).

From 2007 to 2020, the most notable rate of growth in terms of jute and jute-like fibers production, amongst the main producing countries, was attained by Bangladesh.

In 2020, the global average jute and jute-like fibers yield reached X tonnes per ha, therefore, remained relatively stable against the year before. in general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the yield increased by X% against the previous year. The global yield peaked in 2020 and is likely to see steady 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.

In 2020, the total area harvested in terms of jute and jute-like fibers production worldwide amounted to X ha, remaining constant against the year before. in general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2020, the harvested area failed to regain the momentum.

Production by Country

The countries with the highest volumes of jute and jute-like fibers production in 2020 were India (X tonnes) and Bangladesh (X tonnes).

From 2007 to 2020, the biggest increases were in Bangladesh.

Exports of Jute and Jute-Like Fibers

Exports

In 2020, approx. X tonnes of jute and jute-like fibers were exported worldwide; shrinking by -X% against 2019. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, global exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, jute and jute-like fibers exports amounted to $X in 2020. in general, exports recorded a pronounced contraction. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Global exports peaked at $X in 2011; however, from 2012 to 2020, 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 recording X tonnes, which was near X% of total exports in 2020. India (X tonnes) occupied an X% share (based on tonnes) of total exports, which put it in second place, followed by Tanzania (X%). The following exporters - Kenya (X tonnes) and Belgium (X tonnes) - each amounted to a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to jute and jute-like fibers exports from Bangladesh stood at -X%. at the same time, Tanzania (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. India experienced a relatively flat trend pattern. by contrast, Kenya (-X%) illustrated a downward trend over the same period. India (+X p.p.), Tanzania (+X p.p.), Belgium (+X p.p.) and Kenya (+X p.p.) significantly strengthened its position in terms of the global exports, while Bangladesh saw its share reduced by -X% from 2007 to 2020, respectively.

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

From 2007 to 2020, the average annual growth rate of value in Bangladesh totaled -X%. in the other countries, the average annual rates were as follows: India (+X% per year) and Kenya (+X% per year).

Export Prices by Country

In 2020, the average jute and jute-like fibers export price amounted to $X per tonne, increasing by X% against the previous year. Overall, export price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, jute and jute-like fibers export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Kenya ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other global leaders experienced more modest paces of growth.

Imports of Jute and Jute-Like Fibers

Imports

For the fourth consecutive year, the global market recorded decline in purchases abroad of jute and jute-like fibers, which decreased by -X% to X tonnes in 2020. in general, imports recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, global imports hit record highs 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 expanded notably to $X in 2020. Over the period under review, imports saw a mild decline. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Global imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Pakistan (X tonnes) and India (X tonnes) represented roughly X% of total imports of jute and jute-like fibers in 2020. It was distantly followed by China (X tonnes) and Nepal (X tonnes), together making up a X% share of total imports. Brazil (X tonnes), Nigeria (X tonnes), Cote d'Ivoire (X tonnes), South Korea (X tonnes) and Tunisia (X tonnes) occupied a minor share of total imports.

From 2007 to 2020, the biggest increases were in Nigeria, while purchases for the other global leaders experienced mixed trends in the imports figures.

In value terms, Pakistan ($X), India ($X) and Nepal ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of global imports. These countries were followed by China, Nigeria, Brazil, Cote d'Ivoire, South Korea and Tunisia, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of 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 tonne in 2020, surging by X% against the previous year. in general, import price indicated a pronounced expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, jute and jute-like fibers import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Nigeria ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nepal, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform