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U.S. - Jute And Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Jute And Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Sep 30, 2022

Jute Price in America Reaches $2,463 per Ton, Fluctuating Moderately over 2022

U.S. Jute And Jute-Like Fibers Import Price per Ton July 2022

In July 2022, the jute and jute-like fibers price per ton amounted to $2,463, with an increase of 24% against the previous month. Overall, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in May 2022 when the average import price increased by 28% against the previous month. The import price peaked at $3,011 per ton in January 2022; however, from February 2022 to July 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was India ($5,714 per ton), while the price for Bangladesh ($1,667 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.4%), while the prices for the other major suppliers experienced a decline.

U.S. Jute And Jute-Like Fibers Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was jute and other textile bast fibres, raw or retted, but not spun, excluding flax, hemp (cannabis sativa l.), and ramie ($3,420 per ton), while the price for jute and other textile bast fibres; processed but not spun, tow and waste of these fibres, including yarn waste and garnetted stock (excluding flax, hemp (cannabis sativa l.), and ramie) amounted to $1,737 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by jute and other textile bast fibres; processed but not spun, tow and waste of these fibres, including yarn waste and garnetted stock (excluding flax, hemp (cannabis sativa l.), and ramie) (-0.6%).

U.S. Jute And Jute-Like Fibers Imports

In July 2022, imports of jute and jute-like fibers into the United States reduced remarkably to 158 tons, waning by -64.3% on the previous month. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in March 2022 with an increase of 86% against the previous month. Imports peaked at 444 tons in June 2022, and then fell significantly in the following month.

In value terms, jute and jute-like fibers imports contracted significantly to $390K (IndexBox estimates) in July 2022. Over the period under review, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in June 2022 with an increase of 47% month-to-month. As a result, imports reached the peak of $885K, and then dropped notably in the following month.

U.S. Jute And Jute-Like Fibers Imports by Type

Jute and other textile bast fibres; processed but not spun, tow and waste of these fibres, including yarn waste and garnetted stock (excluding flax, hemp (cannabis sativa l.), and ramie) (90 tons) and jute and other textile bast fibres, raw or retted, but not spun, excluding flax, hemp (cannabis sativa l.), and ramie (68 tons) were the main products of jute and jute-like fibers imports to the United States.

From January 2022 to July 2022, the biggest increases were in jute and other textile bast fibres, raw or retted, but not spun, excluding flax, hemp (cannabis sativa l.), and ramie (with a CAGR of +70.1%).

In value terms, the most traded types of jute and jute-like fibers in the United States were jute and other textile bast fibres, raw or retted, but not spun, excluding flax, hemp (cannabis sativa l.), and ramie ($234K) and jute and other textile bast fibres; processed but not spun, tow and waste of these fibres, including yarn waste and garnetted stock (excluding flax, hemp (cannabis sativa l.), and ramie) ($156K).

U.S. Jute And Jute-Like Fibers Imports by Country

In July 2022, Bangladesh (119 tons) constituted the largest supplier of jute and jute-like fibers to the United States, accounting for a 75% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, India (27 tons), fourfold.

From January 2022 to July 2022, the average monthly growth rate of volume from Bangladesh amounted to +16.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+69.0% per month) and Pakistan (-5.1% per month).

In value terms, Bangladesh ($199K), India ($156K) and Pakistan ($30K) were the largest jute and jute-like fibers suppliers to the United States, with a combined 99% share of total imports.

India, with a CAGR of +53.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for jute and jute-like fibers in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 780 - Jute
  • FCL 782 - Jute-like fibres

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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