GCC: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in GCC

The GCC jute and jute-like fibers market soared to $X in 2022, growing by 52% against the previous year. In general, consumption, however, continues to indicate a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in GCC

In value terms, jute and jute-like fibers production skyrocketed to $X in 2022 estimated in export price. Overall, production showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 24,464% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Saudi Arabia (X tons) constituted the country with the largest volume of jute and jute-like fibers production, accounting for 92% of total volume. Moreover, jute and jute-like fibers production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), more than tenfold.

In Saudi Arabia, jute and jute-like fibers production expanded at an average annual rate of +277.8% over the period from 2012-2022.

Exports of Jute And Jute-Like Fibers

Exports in GCC

In 2022, the amount of jute and jute-like fibers exported in GCC expanded slightly to X tons, picking up by 4.6% on 2021 figures. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 160%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports soared to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 266% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was approx. 96% of total exports in 2022. Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +17.7% from 2012 to 2022. At the same time, Saudi Arabia (+39.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +39.3% from 2012-2022. While the share of Saudi Arabia (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-3.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2022.

Saudi Arabia, with a CAGR of +84.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by 23% against the previous year. Overall, the export price posted resilient growth. The pace of growth was the most pronounced in 2020 when the export price increased by 205%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+32.3%).

Imports of Jute And Jute-Like Fibers

Imports in GCC

In 2022, imports of jute and jute-like fibers in GCC soared to X tons, rising by 97% against the previous year. Overall, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 611% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports surged to $X in 2022. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 1,411%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of jute and jute-like fibers in GCC, with the volume of imports recording X tons, which was near 61% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), comprising a 33% share of total imports. The following importers - Oman (X tons) and Kuwait (X tons) - each recorded a 4.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of -4.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported jute and jute-like fibers in GCC, comprising 78% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total imports. It was followed by Oman, with a 1.8% share.

In the United Arab Emirates, jute and jute-like fibers imports increased at an average annual rate of +10.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-20.0% per year) and Oman (-10.4% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by -11.5% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the import price increased by 113% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($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 (+15.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform