Asia-Pacific: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Asia-Pacific

The Asia-Pacific jute and jute-like fibers market soared to $X in 2022, jumping by 20% against the previous year. The market value increased at an average annual rate of +5.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Jute And Jute-Like Fibers in Asia-Pacific

In value terms, jute and jute-like fibers production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 23%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

The country with the largest volume of jute and jute-like fibers production was Bangladesh (X tons), comprising approx. 99% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Bangladesh was relatively modest.

Exports of Jute And Jute-Like Fibers

Exports in Asia-Pacific

In 2022, exports of jute and jute-like fibers in Asia-Pacific reduced to X tons, waning by -4.2% against 2021. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 26%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports dropped slightly to $X in 2022. In general, exports saw a perceptible setback. The pace of growth was the most pronounced in 2016 when exports increased by 59%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Bangladesh (X tons) represented the largest exporter of jute and jute-like fibers, making up 81% of total exports. It was distantly followed by India (X tons), generating a 15% share of total exports. Indonesia (X tons) took a little share of total exports.

Exports from Bangladesh decreased at an average annual rate of -9.5% from 2012 to 2022. At the same time, Indonesia (+68.9%) and India (+4.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +68.9% from 2012-2022. While the share of India (+11 p.p.) and Indonesia (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bangladesh (-14 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) remains the largest jute and jute-like fibers supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Bangladesh totaled -6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.9% per year) and Indonesia (+75.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2016 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the other leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports in Asia-Pacific

In 2022, jute and jute-like fibers imports in Asia-Pacific skyrocketed to X tons, rising by 57% on 2021 figures. In general, imports, however, saw a noticeable contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the main importer of jute and jute-like fibers, generating 55% of total imports. It was distantly followed by Pakistan (X tons), Nepal (X tons) and China (X tons), together creating a 40% share of total imports. South Korea (X tons) took a minor share of total imports.

India was also the fastest-growing in terms of the jute and jute-like fibers imports, with a CAGR of +4.4% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. South Korea (-3.3%), Nepal (-8.1%) and China (-16.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Pakistan increased by +28 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported jute and jute-like fibers in Asia-Pacific, comprising 55% of total imports. The second position in the ranking was held by Pakistan ($X), with a 26% share of total imports. It was followed by Nepal, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +6.0%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+1.3% per year) and Nepal (-4.2% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, shrinking by -2.4% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 import price increased by +49.8% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per ton) and India ($X per ton), while South Korea ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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