Bangladesh: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Bangladesh

The Bangladeshi jute and jute-like fibers market expanded modestly to $X in 2022, growing by 3.9% against the previous year. In general, consumption posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in Bangladesh

In value terms, jute and jute-like fibers production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average jute and jute-like fibers yield in Bangladesh stood at less than X kg per ha, leveling off at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The jute and jute-like fibers harvested area in Bangladesh totaled less than X ha in 2022, therefore, remained relatively stable against the year before. In general, the harvested area showed a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Bangladesh

In 2022, the amount of jute and jute-like fibers exported from Bangladesh declined modestly to X tons, with a decrease of -4.3% on the previous year. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 29%. Over the period under review, the exports reached the peak figure 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 fell to $X in 2022. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 66%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Pakistan (X tons) and China (X tons) were the main destinations of jute and jute-like fibers exports from Bangladesh, together accounting for 77% of total exports. Nepal, Uganda, Cote d'Ivoire, Brazil, Djibouti, South Korea and the United States lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and China ($X) were the largest markets for jute and jute-like fibers exported from Bangladesh worldwide, with a combined 74% share of total exports. Nepal, Brazil, Cote d'Ivoire, the United States, Djibouti, South Korea and Uganda lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Djibouti, with a CAGR of +28.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, increasing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Bangladesh

Jute and jute-like fibers imports into Bangladesh dropped to X tons in 2022, declining by -4.8% against the year before. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 39%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, jute and jute-like fibers imports declined to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 28%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest jute and jute-like fibers supplier to Bangladesh, with a 76% share of total imports. Moreover, jute and jute-like fibers imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The third position in this ranking was held by Tanzania (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.7% per year) and Tanzania (-3.3% per year).

In value terms, India ($X) constituted the largest supplier of jute and jute-like fibers to Bangladesh, comprising 70% of total imports. The second position in the ranking was held by Tanzania ($X), with a 12% share of total imports. It was followed by Brazil, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from India totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-5.8% per year) and Brazil (-22.9% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, which is down by -4.9% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 63%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+86.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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