South-Eastern Asia: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in South-Eastern Asia

In 2022, the Southeast Asian jute and jute-like fibers market increased by 6.1% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in South-Eastern Asia

In value terms, jute and jute-like fibers production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight increase. The growth pace was the most rapid in 2021 when the production volume increased by 121%. As a result, production reached the peak level of $X, and then fell significantly in the following year.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons), together accounting for 80% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Lao People's Democratic Republic (with a CAGR of +1.3%), while production for the other leaders experienced more modest paces of growth.

Exports of Jute And Jute-Like Fibers

Exports in South-Eastern Asia

In 2022, jute and jute-like fibers exports in South-Eastern Asia surged to X tons, rising by 36% on 2021 figures. Overall, exports recorded temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of 118%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, jute and jute-like fibers exports soared to $X in 2022. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 136%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Indonesia (X tons) represented the largest exporter of jute and jute-like fibers, making up 72% of total exports. Malaysia (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (7.8%) and Myanmar (5.3%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of +68.9% from 2012 to 2022. At the same time, Malaysia (+25.0%) displayed positive paces of growth. By contrast, Lao People's Democratic Republic (-2.9%), Myanmar (-8.6%) and Vietnam (-16.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Malaysia increased by +71 and +8.6 percentage points, respectively.

In value terms, Indonesia ($X) remains the largest jute and jute-like fibers supplier in South-Eastern Asia, comprising 82% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.9% share of total exports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +75.1%. In the other countries, the average annual rates were as follows: Vietnam (-11.7% per year) and Malaysia (-0.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 4.9% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 export price increased by +86.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 32% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports in South-Eastern Asia

In 2022, overseas purchases of jute and jute-like fibers increased by 72% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a drastic downturn. The volume of import 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 surged to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the major importer of jute and jute-like fibers in South-Eastern Asia, with the volume of imports accounting for X tons, which was near 62% of total imports in 2022. Vietnam (X tons) held the second position in the ranking, followed by Thailand (X tons) and Myanmar (X tons). All these countries together took near 33% share of total imports. The following importers - the Philippines (X tons) and Malaysia (X tons) - each amounted to a 3.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to jute and jute-like fibers imports into Indonesia stood at +2.4%. At the same time, Myanmar (+6.6%) and the Philippines (+6.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +6.6% from 2012-2022. By contrast, Malaysia (-13.0%), Vietnam (-17.0%) and Thailand (-23.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Myanmar and the Philippines increased by +47, +5 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported jute and jute-like fibers in South-Eastern Asia, comprising 75% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Thailand, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-16.0% per year) and Thailand (-20.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 35% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level 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 the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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