Ethiopia: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Ethiopia

The Ethiopian jute and jute-like fibers market declined significantly to $X in 2022, waning by -32.2% 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). In general, consumption continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Jute And Jute-Like Fibers

Exports from Ethiopia

In 2022, the amount of jute and jute-like fibers exported from Ethiopia surged to X tons, increasing by 22% compared with the year before. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 152%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jute and jute-like fibers exports rose significantly to $X in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2019 with an increase of 158%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Sudan totaled +41.3%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan totaled +24.7%.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, reducing by -5.9% against the previous year. Overall, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 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 Sudan.

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to -11.8% per year.

Imports of Jute And Jute-Like Fibers

Imports into Ethiopia

In 2022, approx. X tons of jute and jute-like fibers were imported into Ethiopia; reducing by -30.1% on 2021 figures. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 151% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports shrank remarkably to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 170% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest jute and jute-like fibers supplier to Ethiopia, with a 56% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh stood at -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.8% per year) and Turkey (+16.5% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Ethiopia, comprising 49% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by India, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh stood at -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.3% per year) and India (+30.4% per year).

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, declining by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($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 United Arab Emirates (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform