Germany: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Germany

The German jute and jute-like fibers market was estimated at $X in 2022, remaining stable 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). Over the period under review, consumption showed a pronounced slump. Jute and jute-like fibers consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Jute And Jute-Like Fibers

Exports from Germany

For the third year in a row, Germany recorded growth in overseas shipments of jute and jute-like fibers, which increased by 4.4% to X tons in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, jute and jute-like fibers exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 137% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for jute and jute-like fibers exports from Germany, with a 81% share of total exports. Moreover, jute and jute-like fibers exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-7.6% per year) and Italy (+53.5% per year).

In value terms, Poland ($X) remains the key foreign market for jute and jute-like fibers exports from Germany, comprising 65% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-0.8% per year) and Italy (+44.7% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, growing by 54% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+63.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jute And Jute-Like Fibers

Imports into Germany

In 2022, approx. X tons of jute and jute-like fibers were imported into Germany; with a decrease of -12.6% on 2021. In general, imports continue to indicate a perceptible descent. The growth pace was the most rapid in 2015 when imports increased by 57%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports surged to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +121.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 91%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of jute and jute-like fibers imports to Germany, with a combined 96% share of total imports. These countries were followed by France, which accounted for a further 3.2%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +2.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Germany, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Bangladesh totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.8% per year) and the Netherlands (-1.2% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, increasing by 33% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jute and jute-like fibers import price increased by +114.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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