ASEAN: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in ASEAN

The ASEAN jute and jute-like fibers market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in ASEAN

In value terms, jute and jute-like fibers production fell markedly to $X in 2022 estimated in export price. Overall, production, however, saw mild growth. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons), together comprising 80% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Lao People's Democratic Republic (with a CAGR of +1.3%), while production for the other leaders experienced more modest paces of growth.

Exports of Jute And Jute-Like Fibers

Exports in ASEAN

For the third year in a row, ASEAN recorded growth in shipments abroad of jute and jute-like fibers, which increased by 36% to X tons in 2022. Overall, exports saw a tangible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 118%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, jute and jute-like fibers exports skyrocketed to $X in 2022. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 136% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Indonesia represented the main exporting country with an export of around X tons, which amounted to 72% of total exports. Malaysia (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (7.8%) and Myanmar (5.3%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of +68.9% from 2012 to 2022. At the same time, Malaysia (+25.0%) displayed positive paces of growth. By contrast, Lao People's Democratic Republic (-2.9%), Myanmar (-8.6%) and Vietnam (-16.7%) illustrated a downward trend over the same period. Indonesia (+71 p.p.) and Malaysia (+8.6 p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic, Myanmar and Vietnam saw its share reduced by -3.8%, -13% and -60.3% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest jute and jute-like fibers supplier in ASEAN, comprising 82% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 8.9% share of total exports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +75.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-11.7% per year) and Malaysia (-0.7% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by 4.9% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jute and jute-like fibers export price increased by +86.6% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 32% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports in ASEAN

In 2022, overseas purchases of jute and jute-like fibers increased by 72% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, showed a deep setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia was the largest importer of jute and jute-like fibers in ASEAN, with the volume of imports accounting for X tons, which was near 62% of total imports in 2022. Vietnam (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (12%) and Myanmar (6%). The following importers - the Philippines (X tons) and Malaysia (X tons) - each finished at a 3.9% share of total imports.

Imports into Indonesia increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Myanmar (+6.6%) and the Philippines (+6.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +6.6% from 2012-2022. By contrast, Malaysia (-13.0%), Vietnam (-17.0%) and Thailand (-23.2%) illustrated a downward trend over the same period. Indonesia (+47 p.p.), Myanmar (+5 p.p.) and the Philippines (+2 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by -14.6% and -39.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported jute and jute-like fibers in ASEAN, comprising 75% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Thailand, with a 4.9% share.

In Indonesia, jute and jute-like fibers imports increased at an average annual rate of +2.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-16.0% per year) and Thailand (-20.7% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by 35% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform