Estonia: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Estonia

In 2022, the Estonian jute and jute-like fibers market decreased by -19.4% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a perceptible decrease. Jute and jute-like fibers consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in Estonia

In value terms, jute and jute-like fibers production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible descent. The growth pace was the most rapid in 2013 with an increase of 25%. Jute and jute-like fibers production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of jute and jute-like fibers in Estonia stood at less than X kg per ha in 2022, therefore, remained relatively stable against 2021. Over the period under review, 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.

In 2022, the total area harvested in terms of jute and jute-like fibers production in Estonia stood at less than X ha, almost unchanged from 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Estonia

In 2022, overseas shipments of jute and jute-like fibers increased by 83% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 450% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers exports soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 212% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for jute and jute-like fibers exports from Estonia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia stood at +9.5%.

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

From 2012 to 2022, the average annual growth rate of value to Latvia was relatively modest.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, picking up by 6.2% against the previous year. In general, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of 56% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to -8.8% per year.

Imports of Jute And Jute-Like Fibers

Imports into Estonia

Jute and jute-like fibers imports into Estonia contracted sharply to X kg in 2022, dropping by -76.2% against 2021. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 282% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jute and jute-like fibers imports fell remarkably to $X in 2022. Over the period under review, imports showed a noticeable descent. The growth pace was the most rapid in 2020 when imports increased by 317% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Latvia (X kg), Mexico (X kg) and the Netherlands (X kg) were the main suppliers of jute and jute-like fibers imports to Estonia, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +17.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X) constituted the largest supplier of jute and jute-like fibers to Estonia, comprising 51% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 26% share of total imports. It was followed by Latvia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.3% per year) and Latvia (-11.6% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, picking up by 185% against the previous year. In general, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform