MERCOSUR: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in MERCOSUR

The MERCOSUR jute and jute-like fibers market soared to $X in 2022, rising by 29% against the previous year. In general, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Production of Jute And Jute-Like Fibers in MERCOSUR

In value terms, jute and jute-like fibers production stood at less than $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern.

The country with the largest volume of jute and jute-like fibers production was Chile (X tons), accounting for 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Chile was relatively modest.

Exports of Jute And Jute-Like Fibers

Exports in MERCOSUR

In 2022, shipments abroad of jute and jute-like fibers decreased by -72.5% to X tons, falling for the sixth year in a row after five years of growth. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jute and jute-like fibers exports reduced dramatically to $X in 2022. In general, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador was the key exporter of jute and jute-like fibers in MERCOSUR, with the volume of exports accounting for X kg, which was near 56% of total exports in 2022. It was distantly followed by Colombia (X kg), Brazil (X kg) and Chile (X kg), together achieving a 40% share of total exports. Venezuela (X kg) and Peru (X kg) followed a long way behind the leaders.

Ecuador was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of +21.3% from 2012 to 2022. At the same time, Colombia (+3.5%) displayed positive paces of growth. Venezuela and Chile experienced a relatively flat trend pattern. By contrast, Peru (-11.1%) and Brazil (-52.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador, Colombia, Chile, Venezuela and Peru increased by +56, +21, +6.6, +2.9 and +1.6 percentage points, respectively.

In value terms, Ecuador ($X) remains the largest jute and jute-like fibers supplier in MERCOSUR, comprising 64% of total exports. The second position in the ranking was taken by Colombia ($X), with a 26% share of total exports. It was followed by Brazil, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value in Ecuador amounted to +21.3%. In the other countries, the average annual rates were as follows: Colombia (+6.4% per year) and Brazil (-51.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by 114% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports in MERCOSUR

In 2022, approx. X tons of jute and jute-like fibers were imported in MERCOSUR; falling by -12.4% on the previous year's figure. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 55%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the largest importer of jute and jute-like fibers, generating 85% of total imports. It was distantly followed by Colombia (X tons), achieving an 11% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to jute and jute-like fibers imports into Brazil stood at +4.0%. At the same time, Colombia (+92.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +92.2% from 2012-2022. From 2012 to 2022, the share of Colombia increased by +11 percentage points.

In value terms, Brazil ($X) constitutes the largest market for imported jute and jute-like fibers in MERCOSUR, comprising 95% of total imports. The second position in the ranking was held by Colombia ($X), with a 2.3% share of total imports.

In Brazil, jute and jute-like fibers imports expanded at an average annual rate of +12.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by 24% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +72.3% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 28%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.6%).

Source: IndexBox Platform