Asia: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Asia

The Asian jute and jute-like fibers market skyrocketed to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Jute And Jute-Like Fibers in Asia

In value terms, jute and jute-like fibers production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Bangladesh (X tons) constituted the country with the largest volume of jute and jute-like fibers production, accounting for X% of total volume.

In Bangladesh, jute and jute-like fibers production remained relatively stable over the period from 2012-2022.

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Exports of Jute And Jute-Like Fibers

Exports in Asia

In 2022, approx. X tons of jute and jute-like fibers were exported in Asia; shrinking by X% on the previous year. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports shrank modestly to $X in 2022. Overall, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Bangladesh (X tons) was the largest exporter of jute and jute-like fibers, creating X% of total exports. It was distantly followed by India (X tons), achieving a X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to jute and jute-like fibers exports from Bangladesh stood at X%. At the same time, Indonesia (X%) and India (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Bangladesh ($X) remains the largest jute and jute-like fibers supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In Bangladesh, jute and jute-like fibers exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Bangladesh ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports in Asia

In 2022, approx. X tons of jute and jute-like fibers were imported in Asia; picking up by X% on 2021. Overall, imports, however, saw a pronounced curtailment. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports surged to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the main importing country with an import of about X tons, which resulted at X% of total imports. Pakistan (X tons) held the second position in the ranking, distantly followed by Nepal (X tons) and China (X tons). All these countries together held approx. X% share of total imports. South Korea (X tons) took a little share of total imports.

India was also the fastest-growing in terms of the jute and jute-like fibers imports, with a CAGR of X% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. South Korea (X%), Nepal (X%) and China (X%) illustrated a downward trend over the same period. India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported jute and jute-like fibers in Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per ton) and India ($X per ton), while South Korea ($X per ton) and Nepal ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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