Updated Oct 27, 2022 04:12

Market for Jute And Jute-Like Fibers in Romania

Market Overview
In , after two years of growth, there was significant decline in the Romanian jute and jute-like fibers market, when its value decreased by -% to $. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption failed to regain momentum.


Consumption
In , the amount of jute and jute-like fibers consumed in Romania fell to tons, waning by -% against the previous year's figure. In general, consumption, however, recorded a significant expansion. As a result, consumption reached the peak volume of tons, and then dropped in the following year.

The value of the jute and jute-like fibers market in Romania shrank to $ in , with a decrease of -% against 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). Over the period under review, consumption, however, recorded significant growth. As a result, consumption reached the peak level of $, and then dropped in the following year.


Market Forecast
The jute and jute-like fibers market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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 .


Market Structure
Jute and jute-like fibers market in Romania consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Romania remains a net importer of jute and jute-like fibers; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.