Global Market for Jute And Jute-Like Fibers
In value terms, jute and jute-like fibers production contracted slightly to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of % against the previous year. Global production peaked at $ in , and then reduced modestly in the following year.
The countries with the highest volumes of production in were India ( tons) and Bangladesh ( tons).
From 2007 to , the biggest increases were recorded for Bangladesh (with a CAGR of +%).
The global average jute and jute-like fibers yield fell modestly to tons per ha in , standing approx. at figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of % against the previous year. The global yield peaked at tons per ha in , and then reduced modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the global jute and jute-like fibers harvested area declined slightly to ha, therefore, remained relatively stable against figures. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the harvested area increased by %. Over the period under review, the harvested area dedicated to jute and jute-like fibers production attained the maximum at ha in 2012; however, from 2013 to , the harvested area stood at a somewhat lower figure.
The global jute and jute-like fibers market value stood at $ in , flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a mild increase. Global consumption peaked at $ in ; however, from to , consumption remained at a lower figure.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Bangladesh (with a CAGR of +%), while consumption for the other global leaders experienced mixed trends in the consumption figures.
In value terms, the largest jute and jute-like fibers markets worldwide were India ($), Bangladesh ($) and China ($), with a combined % share of the global market.
Bangladesh, with a CAGR of +%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced mixed trends in the market figures.
In No countries jute and jute-like fibers per capita consumption remained relatively stable over the period from 2007-.
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .