CIS: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in CIS

In 2022, the CIS jute and jute-like fibers market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in CIS

In value terms, jute and jute-like fibers production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 with an increase of 32%. As a result, production attained 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 Kyrgyzstan (X tons), comprising approx. 69% of total volume. Moreover, jute and jute-like fibers production in Kyrgyzstan exceeded the figures recorded by the second-largest producer, Moldova (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Kyrgyzstan totaled +1.7%. The remaining producing countries recorded the following average annual rates of production growth: Moldova (-4.3% per year) and Tajikistan (+1.9% per year).

Exports of Jute And Jute-Like Fibers

Exports in CIS

In 2022, approx. X tons of jute and jute-like fibers were exported in the CIS; surging by 439% compared with the year before. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, jute and jute-like fibers exports soared to $X in 2022. Overall, exports, however, saw a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Moldova represented the largest exporting country with an export of about X tons, which reached 41% of total exports. Uzbekistan (X tons) ranks second in terms of the total exports with a 25% share, followed by Tajikistan (19%), Belarus (8.1%) and Russia (5.2%).

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +43.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Tajikistan ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, with a combined 77% share of total exports.

Among the main exporting countries, Belarus, with a CAGR of +19.7%, recorded the highest rates of growth with regard to 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

In 2022, the export price in the CIS amounted to $X per ton, reducing by -64.6% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 16%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Moldova ($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 (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Jute And Jute-Like Fibers

Imports in CIS

In 2022, supplies from abroad of jute and jute-like fibers was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt descent. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports contracted modestly to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 4.8% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was near 85% of total imports in 2022. Uzbekistan (X tons) took the second position in the ranking, followed by Belarus (X tons). All these countries together took near 15% share of total imports.

Imports into Russia decreased at an average annual rate of -12.5% from 2012 to 2022. At the same time, Uzbekistan (+82.1%) and Belarus (+15.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +82.1% from 2012-2022. Uzbekistan (+7.7 p.p.) and Belarus (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -14.7% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported jute and jute-like fibers in the CIS, comprising 92% of total imports. The second position in the ranking was held by Belarus ($X), with a 4.3% share of total imports.

In Russia, jute and jute-like fibers imports plunged by an average annual rate of -10.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+3.8% per year) and Uzbekistan (+38.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, falling by -19.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($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 (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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