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Report World - Jute and Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Jute and Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Overview of the Global Market for Jute And Jute-Like Fibers

Market Size for Jute And Jute-Like Fibers

The global jute and jute-like fibers market surged to $X in 2022, growing by 18% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Jute And Jute-Like Fibers

In value terms, jute and jute-like fibers production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 20% against the previous year. Over the period under review, global production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Bangladesh (X tons) constituted the country with the largest volume of jute and jute-like fibers production, comprising approx. 91% of total volume. Moreover, jute and jute-like fibers production in Bangladesh exceeded the figures recorded by the second-largest producer, Kenya (X tons), more than tenfold.

In Bangladesh, jute and jute-like fibers production remained relatively stable over the period from 2012-2022.

Exports of Jute And Jute-Like Fibers

Exports

In 2022, approx. X tons of jute and jute-like fibers were exported worldwide; which is down by -5.8% against the previous year. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 23%. Over the period under review, the global exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers exports fell to $X in 2022. In general, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2016 with an increase of 50% against the previous year. Over the period under review, the global exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh represented the largest exporter of jute and jute-like fibers in the world, with the volume of exports accounting for X tons, which was approx. 73% of total exports in 2022. It was distantly followed by India (X tons), comprising a 14% share of total exports. Tanzania (X tons), Belgium (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Exports from Bangladesh decreased at an average annual rate of -9.5% from 2012 to 2022. At the same time, Indonesia (+68.9%), Tanzania (+7.7%) and India (+4.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +68.9% from 2012-2022. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of India, Tanzania and Indonesia increased by +9.7, +2.4 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) remains the largest jute and jute-like fibers supplier worldwide, comprising 62% of global exports. The second position in the ranking was taken by India ($X), with a 14% share of global exports. It was followed by Tanzania, with a 5.1% share.

In Bangladesh, jute and jute-like fibers exports shrank by an average annual rate of -6.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.9% per year) and Tanzania (+11.3% per year).

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, surging by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2016 an increase of 22%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the other global leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports

In 2022, after five years of decline, there was significant growth in overseas purchases of jute and jute-like fibers, when their volume increased by 43% to X tons. Overall, imports, however, recorded a noticeable contraction. Global imports 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 continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) represented the major importer of jute and jute-like fibers, committing 47% of total imports. Pakistan (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (7.5%) and China (5.8%). Brazil (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the jute and jute-like fibers imports, with a CAGR of +4.4% from 2012 to 2022. At the same time, Brazil (+4.0%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, Nepal (-8.1%) and China (-16.0%) illustrated a downward trend over the same period. While the share of India (+25 p.p.) and Pakistan (+4.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Nepal (-5.3 p.p.) and China (-18.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported jute and jute-like fibers worldwide, comprising 43% of global imports. The second position in the ranking was held by Pakistan ($X), with a 20% share of global imports. It was followed by Nepal, with a 5.8% share.

In India, jute and jute-like fibers imports expanded at an average annual rate of +6.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+1.3% per year) and Nepal (-4.2% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, shrinking by -3.2% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +47.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of jute and jute-like fibers consumption in 2020 were India, Bangladesh and China, together comprising 92% of global consumption.
The countries with the highest volumes of jute and jute-like fibers production in 2020 were India and Bangladesh.
In value terms, Bangladesh remains the largest jute and jute-like fibers supplier worldwide, comprising 68% of global exports. The second position in the ranking was occupied by India, with an 11% share of global exports. It was followed by Kenya, with a 9.7% share.
In value terms, Pakistan, India and Nepal appeared to be the countries with the highest levels of imports in 2020, together accounting for 56% of global imports. These countries were followed by China, Nigeria, Brazil, Cote d'Ivoire and South Korea, which together accounted for a further 25%.
In 2020, the average jute and jute-like fibers export price amounted to $813 per ton, rising by 15% against the previous year.
The average jute and jute-like fibers import price stood at $790 per ton in 2020, picking up by 11% against the previous year.

This report provides an in-depth analysis of the global market for jute and jute-like fibers. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 780 - Jute
  • FCL 782 - Jute-like fibres

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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