Spain: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Spain

After three years of decline, the Spanish jute and jute-like fibers market increased by 53% to $X in 2022. In general, consumption enjoyed a significant increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Jute And Jute-Like Fibers in Spain

In value terms, jute and jute-like fibers production amounted to $X in 2022 estimated in export price. Overall, production saw a significant contraction. The pace of growth was the most pronounced in 2021 with a decrease of 99.9% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of jute and jute-like fibers in Spain was estimated at less than X kg per ha in 2022, almost unchanged from the previous year. 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 jute and jute-like fibers harvested area in Spain totaled less than X ha, flattening at the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Spain

In 2022, overseas shipments of jute and jute-like fibers decreased by -25% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 132%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports declined to $X in 2022. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 121%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for jute and jute-like fibers exports from Spain, accounting for a 63% share of total exports. Moreover, jute and jute-like fibers exports to France exceeded the volume sent to the second major destination, Sierra Leone (X tons), twofold. Congo (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (+116.0% per year) and Congo (-7.5% per year).

In value terms, Sierra Leone ($X), France ($X) and Congo ($X) constituted the largest markets for jute and jute-like fibers exported from Spain worldwide, with a combined 83% share of total exports.

Sierra Leone, with a CAGR of +128.9%, recorded 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

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, growing by 27% against the previous year. In general, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 58%. The export price peaked 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 Portugal ($X per ton), while the average price for exports to France ($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 the Dominican Republic (+56.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Spain

In 2022, overseas purchases of jute and jute-like fibers increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 172%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 125% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest jute and jute-like fibers supplier to Spain, accounting for a 33% share of total imports. It was followed by Belgium (X tons), with a 0.9% share of total imports.

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

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Spain, comprising 42% of total imports. The second position in the ranking was held by Belgium ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh amounted to +4.1%.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, increasing by 12% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +16.1% against 2017 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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