Japan: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Japan

After five years of decline, the Japanese jute and jute-like fibers market increased by 67% to $X in 2022. In general, consumption recorded a moderate expansion. Jute and jute-like fibers consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in Japan

In value terms, jute and jute-like fibers production surged to $X in 2022 estimated in export price. Overall, production posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of jute and jute-like fibers in Japan amounted to less than X kg per ha, flattening at the previous year's figure. 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.

The jute and jute-like fibers harvested area in Japan totaled less than X ha in 2022, flattening at 2021 figures. In general, the harvested area showed a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Japan

Jute and jute-like fibers exports from Japan stood at X tons in 2022, flattening at the previous year's figure. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 8,934%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports expanded to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 2,293%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for jute and jute-like fibers exports from Japan, with a 0.1% share of total exports. It was followed by Italy (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-28.2% per year) and South Korea (-11.5% per year).

In value terms, France ($X) emerged as the key foreign market for jute and jute-like fibers exports from Japan, comprising 0.7% of total exports. The second position in the ranking was held by Italy ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-7.0% per year) and South Korea (+8.3% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 108% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($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 (+79.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Japan

In 2022, approx. X tons of jute and jute-like fibers were imported into Japan; falling by -5.1% compared with the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 114%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Overall, imports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2021 with an increase of 121% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest jute and jute-like fibers supplier to Japan, with a 85% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (0.0% per year) and Indonesia (-1.7% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Japan, comprising 82% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8% share of total imports. It was followed by Myanmar, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.4% per year) and Myanmar (0.0% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, rising by 58% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +63.1% against 2020 indices. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+39.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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