Belarus: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Belarus

The Belarusian jute and jute-like fibers market expanded remarkably to $X in 2022, growing by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Exports of Jute And Jute-Like Fibers

Exports from Belarus

In 2022, approx. X tons of jute and jute-like fibers were exported from Belarus; growing by 130% on the previous year. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 196% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 183% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for jute and jute-like fibers exports from Belarus, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +29.4%.

In value terms, Russia ($X) also remains the key foreign market for jute and jute-like fibers exports from Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +23.5%.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, dropping by -6.9% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -4.5% per year.

Imports of Jute And Jute-Like Fibers

Imports into Belarus

In 2022, imports of jute and jute-like fibers into Belarus skyrocketed to X tons, surging by 16% against 2021 figures. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 237% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports soared to $X in 2022. In general, imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by 89%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Bangladesh (X tons) and Russia (X tons) were the main suppliers of jute and jute-like fibers imports to Belarus, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +54.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) constituted the largest supplier of jute and jute-like fibers to Belarus, comprising 35% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+31.4% per year) and Russia (-17.1% per year).

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 81% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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