United Arab Emirates: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in the United Arab Emirates

The jute and jute-like fibers market in the United Arab Emirates surged to $X in 2022, growing by 50% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Jute And Jute-Like Fibers in the United Arab Emirates

In value terms, jute and jute-like fibers production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average jute and jute-like fibers yield in the United Arab Emirates was estimated at less than X kg per ha, leveling off at the previous year's figure. 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.

In 2022, the total area harvested in terms of jute and jute-like fibers production in the United Arab Emirates totaled less than X ha, remaining constant against the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from the United Arab Emirates

In 2022, jute and jute-like fibers exports from the United Arab Emirates was estimated at X tons, increasing by 3.3% on the previous year's figure. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports stood at $X in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 77%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for jute and jute-like fibers exports from the United Arab Emirates, accounting for a 51% share of total exports. Moreover, jute and jute-like fibers exports to Senegal exceeded the volume sent to the second major destination, Mozambique (X tons), fivefold. The third position in this ranking was taken by Mauritania (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal stood at +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+56.7% per year) and Mauritania (+50.8% per year).

In value terms, the largest markets for jute and jute-like fibers exported from the United Arab Emirates were Senegal ($X), Ethiopia ($X) and Mozambique ($X), together accounting for 46% of total exports.

Mozambique, with a CAGR of +65.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2015 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Tanzania ($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 Ethiopia (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into the United Arab Emirates

In 2022, the amount of jute and jute-like fibers imported into the United Arab Emirates skyrocketed to X tons, growing by 46% on the year before. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 2,549%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports surged to $X in 2022. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 6,511%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest jute and jute-like fibers supplier to the United Arab Emirates, accounting for a 55% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. The third position in this ranking was held by Tanzania (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+4.5% per year) and Tanzania (-10.7% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to the United Arab Emirates, comprising 81% of total imports. The second position in the ranking was held by Pakistan ($X), with a 7.2% share of total imports. It was followed by Tanzania, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Bangladesh totaled +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+16.9% per year) and Tanzania (-1.0% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 150% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Bangladesh ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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