IndexBox, Inc. has just published a new report “World – Jute – Market Analysis, Forecast, Size, Trends and Insights“. Here is a summary of the report’s key findings.
The imports totaled 281K tonnes in 2017, going down by -4.2% against the previous year figure. In general, jute imports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2011, an increase of 31% against the previous year level. In that year, jute imports attained its maximum volume of 513K tonnes. From 2012 to 2017, growth of jute imports stood at a somewhat lower level.
In value terms, jute imports amounted to $208M in 2017. Overall, it indicated a mild growth from 2007 to 2017: the total imports value decreased at an average annual rate of -5.3% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, jute imports increased by +18.3% against its level of 2014. Over the period under review, jute imports reached its maximum level of $346M in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.
Jute Imports By Country
Pakistan (78K tonnes), and India (66K tonnes) represented the main importers of jute in 2017, recording approx. 28%, and 23% of total imports, respectively. Nepal (38K tonnes) ranks second in terms of the global imports with a 13% share, followed by China (11%). Germany (7.6K tonnes), Cte d’Ivoire (5.9K tonnes), the UK (5.5K tonnes), South Korea (5.2K tonnes), and Russia (4.6K tonnes) followed a long way behind the leaders.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by Germany (+9.1% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest jute markets worldwide were Pakistan ($49M), India ($45M), and Nepal ($22M), together accounting for 56% of global imports.
Nepal (+14.1% per year) experienced the highest rates of growth with regard to the imports, in terms of the main importing countries, over the last 10 year period, while the other global leaders experienced more modest paces of growth.
Jute Import Prices By Country
In 2017, the average import price for jute amounted to $742 per tonne, dropping by -10.9% against the previous year. Overall, it indicated a strong increase from 2007 to 2017: the import price increased at an average annual rate of +7.2% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, jute import price increased by +36.7% against its level of 2012. The most prominent rate of growth was recorded in 2010, an increase of 42% against the previous year level. Global import price peaked of $832 per tonne in 2016, falling back in the following year.
There were significant differences in the average import prices amongst major importing countries. In 2017, the country with the highest import price was the UK ($1,130 per tonne), while Nepal ($592 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by Nepal (+11.2% per year), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global jute market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
The Climate Corporation International SA, GLENCORE LAND (AUSTRALIA) PTY LTD, Chinatex Corporation, Hainan Huanhaicheng Trading Co., Ltd., bluesign technologies ag, Taekwang Industrial Co., Ltd., Luohe Jintudi Agriculture Development Co., Ltd., Qinghai Liansheng Grassland Ecology Development Co., Ltd., Clay Farms, CORPORACION ALIMENTARIA GUISSONA, SOCIEDAD ANONIMA, Xiaoyi Lvmuchang Agriculture & Animal Husbandry Co., Ltd., Sakya County Yuanfu Nationality Handicraft Business Farmer Specialty Cooperative, Srg Global, Inc., Luochuan County Angliqi Trading Co., Ltd., Clearlake Capital Group, L.P., PEANUT COMPANY OF AUSTRALIA LIMITED, Yudalong Agriculture Park (Zengcheng) Co., Ltd., Jiangsu Sainty Corp.,Ltd, R A K CERAMICS PJSC, Liuhe County Shiquan Farmer Plantation Specialty Cooperative, Jingle County Xinxuan Plantation Specialty Cooperative, Suzhou Yongqiao District Dadian Zifang Plantation Family Farm, KORPORATSIYA GLORIYA DZHINS, AO, INTIMEX GROUP JOINT STOCK COMPANY, Jiayu County Jigeng Team Family Farm, GRIEKWALAND WES KORPORATIEF LTD, Royal Ten Cate (usa), Inc., NEW BRITAIN PALM OIL LIMITED, Castrolanda – Cooperativa Agroindustrial Ltda., Datong Xianxiangqing Agriculture Plantation Specialty Cooperative, ASHIMORI INDUSTRY CO., LTD., UVEX WINTER HOLDING GmbH & Co. KG, Zhucheng Tailiangang Grain Plantation, Zhucheng Taigongfu Grain Plantation, TAKII & CO.,LTD., GENTING PLANTATIONS BERHAD, Cooperativa Agroindustrial Copagril, Huafang Co., Ltd., Anhui Huoqiu County Jisheng Grain Plantation Specialty Cooperative, Shuozhou Shuocheng District Tongxing Plantation Specialty Cooperative, Shanghai Luolai Home Textile Co., Ltd., Jiangxi Pusheng Green Ecology Industry Co.,Ltd., JINJIANCEREALSINDUSTRY, Heilongjiang Donglaiyuan Industry Co.,Ltd., GLOBAL NATURAL FZE, Shuozhou Huali Agriculture and Animal Husbandry Technology Co.,Ltd., Springs Global Us, Inc., AGRI PLUS SP Z O O, KTG Agrar SE, Kuangda Technology Group Co., Ltd.
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