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

Hong Kong SAR, China - Jute and Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Hong Kong SAR, China

In 2022, the Hong Kong jute and jute-like fibers market increased by 166% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a deep downturn. Jute and jute-like fibers consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in Hong Kong SAR, China

In value terms, jute and jute-like fibers production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average jute and jute-like fibers yield in Hong Kong SAR stood at less than X kg per ha, approximately reflecting the year before. Over the period under review, the yield recorded 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.

The jute and jute-like fibers harvested area in Hong Kong SAR totaled less than X ha in 2022, remaining stable against 2021 figures. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Hong Kong SAR, China

In 2022, jute and jute-like fibers exports from Hong Kong SAR soared to X tons, increasing by 26% compared with the previous year's figure. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 214%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports expanded notably to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for jute and jute-like fibers exports from Hong Kong SAR, accounting for a 87% share of total exports. Moreover, jute and jute-like fibers exports to China exceeded the volume sent to the second major destination, Hungary (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +56.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+56.4% per year) and Bangladesh (-27.8% per year).

In value terms, China ($X), Hungary ($X) and Bangladesh ($X) were the largest markets for jute and jute-like fibers exported from Hong Kong SAR worldwide, together comprising 86% of total exports.

Hungary, with a CAGR of +64.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, waning by -16.5% against the previous year. Over the period under review, the export price faced a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to China ($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 Bangladesh (+35.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jute And Jute-Like Fibers

Imports into Hong Kong SAR, China

In 2022, approx. X tons of jute and jute-like fibers were imported into Hong Kong SAR; increasing by 40% on 2021. Overall, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 161%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Over the period under review, imports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 141% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Dominican Republic (X tons), Sri Lanka (X tons) and China (X tons) were the main suppliers of jute and jute-like fibers imports to Hong Kong SAR, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +4.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest jute and jute-like fibers suppliers to Hong Kong SAR were the Dominican Republic ($X), China ($X) and Sri Lanka ($X), with a combined 98% share of total imports.

Among the main suppliers, China, with a CAGR of +61.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, growing by 25% against the previous year. Over the period under review, the import price saw a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 194%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+305.3%), while the prices for the other major suppliers 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 accounting for 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, China constituted the largest supplier of jute and jute-like fibers to Hong Kong SAR, comprising 63% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 27% share of total imports.
In value terms, China remains the key foreign market for jute and jute-like fibers exports from Hong Kong SAR, comprising 50% of total exports. The second position in the ranking was occupied by Hungary, with a 10% share of total exports.
The average jute and jute-like fibers export price stood at $613 per ton in 2020, dropping by -61% against the previous year.
The average jute and jute-like fibers import price stood at $1,636 per ton in 2020, shrinking by -62.5% against the previous year.

This report provides an in-depth analysis of the market for jute and jute-like fibers in Hong Kong SAR, China. 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:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • 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. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. 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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

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

    The Largest Destinations for Exports

    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. 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 In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

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

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