Myanmar: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Myanmar

In 2022, the Myanmar's jute and jute-like fibers market decreased by -0.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the peak 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 Myanmar

In value terms, jute and jute-like fibers production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 25% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average yield of jute and jute-like fibers in Myanmar totaled less than X kg per ha, approximately mirroring 2021. In general, 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.

In 2022, the total area harvested in terms of jute and jute-like fibers production in Myanmar stood at less than X ha, remaining constant against 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Myanmar

In 2022, shipments abroad of jute and jute-like fibers increased by 49% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 140% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 123%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and South Korea (X tons) were the main destinations of jute and jute-like fibers exports from Myanmar, with a combined 86% share of total exports. Pakistan and Japan lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +58.1%), while shipments for the other leaders experienced a decline.

In value terms, Indonesia ($X) remains the key foreign market for jute and jute-like fibers exports from Myanmar, comprising 63% of total exports. The second position in the ranking was taken by China ($X), with a 25% share of total exports. It was followed by Pakistan, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.0% per year) and Pakistan (-15.0% per year).

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2013 an increase of 37% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to South Korea ($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 China (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jute And Jute-Like Fibers

Imports into Myanmar

In 2022, imports of jute and jute-like fibers into Myanmar soared to X tons, growing by 39% against 2021 figures. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 133% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2017 when imports increased by 96% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bangladesh (X tons) was the main supplier of jute and jute-like fibers to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +6.6%.

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Myanmar.

From 2012 to 2022, the average annual growth rate of value from Bangladesh totaled +21.1%.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price enjoyed a notable increase. The most prominent rate of growth was recorded in 2013 an increase of 130% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bangladesh.

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +13.6% per year.

Source: IndexBox Platform

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