South Africa: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in South Africa

The South African jute and jute-like fibers market shrank to $X in 2022, waning by -7.6% against the previous year. Over the period under review, consumption showed a deep contraction. Jute and jute-like fibers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in South Africa

In value terms, jute and jute-like fibers production dropped to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 35% against the previous year. Jute and jute-like fibers production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average yield of jute and jute-like fibers in South Africa totaled less than X kg per ha, leveling off at 2021 figures. Overall, 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.

The jute and jute-like fibers harvested area in South Africa amounted to less than X ha in 2022, remaining stable against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from South Africa

In 2022, approx. X tons of jute and jute-like fibers were exported from South Africa; with a decrease of -64% compared with 2021 figures. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 183% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports contracted notably to $X in 2022. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 57% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X kg) was the main destination for jute and jute-like fibers exports from South Africa, with a 60% share of total exports. Moreover, jute and jute-like fibers exports to Botswana exceeded the volume sent to the second major destination, Mozambique (X kg), threefold. Namibia (X kg) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+7.3% per year) and Namibia (+2.8% per year).

In value terms, the largest markets for jute and jute-like fibers exported from South Africa were Mozambique ($X), Namibia ($X) and Botswana ($X), together accounting for 86% of total exports.

In terms of the main countries of destination, Mozambique, with a CAGR of +28.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, rising by 47% against the previous year. In general, the export price posted moderate growth. The most prominent rate of growth was recorded in 2016 an increase of 94%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Seychelles ($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 India (+2,024.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into South Africa

In 2022, jute and jute-like fibers imports into South Africa reduced markedly to X kg, dropping by -98.5% compared with 2021. In general, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 346% 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 fell dramatically to $X in 2022. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 409% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X kg), Mozambique (X kg) and Swaziland (X kg) were the main suppliers of jute and jute-like fibers imports to South Africa, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mozambique (with a CAGR of +29.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest jute and jute-like fibers suppliers to South Africa were Turkey ($X), Mozambique ($X) and China ($X), together accounting for 88% of total imports. The UK, Belgium, Italy, India, Swaziland, the Netherlands, Bangladesh, Germany and Estonia lagged somewhat behind, together comprising a further 13%.

Estonia, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, surging by 273% against the previous year. Over the period under review, the import price enjoyed a significant expansion. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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