Romania: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Romania

The Romanian jute and jute-like fibers market fell rapidly to $X in 2022, which is down by -36.1% against the previous year. Overall, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Production of Jute And Jute-Like Fibers in Romania

In value terms, jute and jute-like fibers production fell to $X in 2022 estimated in export price. In general, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of jute and jute-like fibers in Romania amounted to less than X kg per ha in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, the yield continues to indicate 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, approx. less than X ha of jute and jute-like fibers were harvested in Romania; stabilizing at 2021. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Romania

In 2022, overseas shipments of jute and jute-like fibers increased by 6.1% to X kg, rising for the second year in a row after five years of decline. Overall, exports, however, showed a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 120%. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports surged to $X in 2022. In general, exports, however, faced a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 183%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for jute and jute-like fibers exports from Romania, accounting for a 60% share of total exports. Moreover, jute and jute-like fibers exports to France exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

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

In value terms, France ($X) emerged as the key foreign market for jute and jute-like fibers exports from Romania, comprising 40% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2014 when the average export price increased by 62%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.0%).

Imports of Jute And Jute-Like Fibers

Imports into Romania

In 2022, imports of jute and jute-like fibers into Romania dropped markedly to X tons, waning by -37.8% compared with 2021 figures. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 38,354%. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2022. Overall, imports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 277% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Moldova (X tons) and Hungary (X tons) were the main suppliers of jute and jute-like fibers imports to Romania, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +57.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) constituted the largest supplier of jute and jute-like fibers to Romania, comprising 83% of total imports. The second position in the ranking was held by Moldova ($X), with an 11% share of total imports. It was followed by Hungary, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (-56.1% per year) and Hungary (+13.0% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, rising by 204% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 339% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average 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 Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+58.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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