Israel: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Israel

The Israeli jute and jute-like fibers market expanded sharply to $X in 2022, rising by 14% against the previous year. Over the period under review, consumption saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Jute And Jute-Like Fibers in Israel

In value terms, jute and jute-like fibers production stood at less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern.

The average yield of jute and jute-like fibers in Israel was estimated at less than X kg per ha in 2022, remaining relatively unchanged against 2021. Over the period under review, the yield showed 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.

In 2022, approx. less than X ha of jute and jute-like fibers were harvested in Israel; flattening at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Israel

In 2022, the amount of jute and jute-like fibers exported from Israel surged to X tons, with an increase of 49% compared with 2021 figures. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 14,023% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports soared to $X in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,041% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for jute and jute-like fibers exports from Israel, accounting for a approx. 99% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for jute and jute-like fibers exports from Israel.

From 2014 to 2021, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2021, the average jute and jute-like fibers export price amounted to $X per ton, rising by 4% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2019 an increase of 177%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2014 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Jute And Jute-Like Fibers

Imports into Israel

Jute and jute-like fibers imports into Israel declined significantly to X tons in 2022, shrinking by -91% compared with the year before. Overall, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 838% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports contracted notably to $X in 2022. In general, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 655% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Tanzania (X tons), the United States (X kg) and Italy (X kg) were the main suppliers of jute and jute-like fibers imports to Israel, together comprising 88% of total imports. India, Mozambique and Turkey lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +52.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X) constituted the largest supplier of jute and jute-like fibers to Israel, comprising 70% of total imports. The second position in the ranking was taken by Mozambique ($X), with an 8.8% share of total imports. It was followed by India, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tanzania stood at -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (+1.3% per year) and India (-13.6% per year).

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, surging by 50% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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