Malaysia: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Malaysia

The Malaysian jute and jute-like fibers market soared to $X in 2022, picking up by 415% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Jute And Jute-Like Fibers in Malaysia

In value terms, jute and jute-like fibers production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 19% against the previous year. Jute and jute-like fibers production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average jute and jute-like fibers yield in Malaysia amounted to less than X kg per ha, stabilizing at 2021 figures. Overall, 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, the jute and jute-like fibers harvested area in Malaysia totaled less than X ha, stabilizing at 2021. In general, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Malaysia

In 2022, the amount of jute and jute-like fibers exported from Malaysia declined remarkably to X tons, waning by -20.2% on 2021. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 1,905%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, jute and jute-like fibers exports contracted modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 1,764% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for jute and jute-like fibers exports from Malaysia, accounting for a 78% share of total exports. Moreover, jute and jute-like fibers exports to Indonesia exceeded the volume sent to the second major destination, Benin (X tons), sixfold. Nigeria (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +61.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+23.1% per year) and Nigeria (-0.1% per year).

In value terms, Indonesia ($X) remains the key foreign market for jute and jute-like fibers exports from Malaysia, comprising 57% of total exports. The second position in the ranking was taken by Benin ($X), with a 27% share of total exports. It was followed by Nigeria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+21.0% per year) and Nigeria (-31.8% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, jumping by 20% against the previous year. Over the period under review, the export price, however, saw a dramatic decline. The pace of growth was the most pronounced in 2016 an increase of 60% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 Benin (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Jute And Jute-Like Fibers

Imports into Malaysia

In 2022, the amount of jute and jute-like fibers imported into Malaysia fell modestly to X tons, with a decrease of -4% against the year before. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 135% against the previous year. 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 shrank to $X in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2018 with an increase of 72%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Bangladesh (X tons) and the United States (X tons) were the main suppliers of jute and jute-like fibers imports to Malaysia, together accounting for 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +0.9%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of jute and jute-like fibers to Malaysia, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with a 19% share of total imports. It was followed by Bangladesh, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.1% per year) and Bangladesh (-18.6% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, reducing by -3.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 43%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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