Pakistan: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Pakistan

For the third year in a row, the Pakistani jute and jute-like fibers market recorded growth in sales value, which increased by 4.2% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Jute And Jute-Like Fibers

Exports from Pakistan

In 2022, the amount of jute and jute-like fibers exported from Pakistan declined markedly to X tons, dropping by -49.7% against the previous year. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 16,371%. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, jute and jute-like fibers exports shrank remarkably to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 7,258%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for jute and jute-like fibers exports from Pakistan, accounting for a 93% share of total exports. Moreover, jute and jute-like fibers exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+2.7% per year) and the Dominican Republic (-99.7% per year).

In value terms, Oman ($X), the United Arab Emirates ($X) and the Dominican Republic ($X) appeared to be the largest markets for jute and jute-like fibers exported from Pakistan worldwide, with a combined 96% share of total exports.

The United Arab Emirates, with a CAGR of +3.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, saw a sharp decline. The most prominent rate of growth was recorded in 2013 an increase of 19%. The export price peaked at $X per ton in 2018; however, from 2019 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 Oman ($X per ton), while the average price for exports to the United Arab Emirates ($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 Iraq (+633.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Pakistan

Jute and jute-like fibers imports into Pakistan amounted to X tons in 2022, rising by 6% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 66% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports expanded slightly to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +156.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 98% against the previous year. Imports peaked 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 Pakistan, with a approx. 99% share of total imports.

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

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

From 2012 to 2022, the average annual growth rate of value from Bangladesh amounted to +1.5%.

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, which is down by -3.9% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +77.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41%. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

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 +2.0% per year.

Source: IndexBox Platform

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