EU: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in the EU

The EU jute and jute-like fibers market expanded markedly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Production of Jute And Jute-Like Fibers in the EU

In value terms, jute and jute-like fibers production totaled $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 remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Belgium (X tons) remains the largest jute and jute-like fibers producing country in the European Union, accounting for X% of total volume. Moreover, jute and jute-like fibers production in Belgium exceeded the figures recorded by the second-largest producer, Portugal (X tons), more than tenfold.

In Belgium, 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 the EU

In 2022, overseas shipments of jute and jute-like fibers decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, Belgium (X tons) was the main exporter of jute and jute-like fibers, committing X% of total exports. Germany (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%). Spain (X tons), the Netherlands (X tons), Italy (X tons) and Portugal (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of jute and jute-like fibers. At the same time, Portugal (X%), Italy (X%), Germany (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, France (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Italy and Portugal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest jute and jute-like fibers supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Belgium, jute and jute-like fibers exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by X% against the previous year. Export price indicated a measured increase 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Italy ($X per ton) was amongst the lowest.

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

Imports of Jute And Jute-Like Fibers

Imports in the EU

In 2022, imports of jute and jute-like fibers in the European Union reached X tons, surging by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports expanded remarkably to $X in 2022. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of jute and jute-like fibers imports in 2022 were Germany (X tons), France (X tons), Spain (X tons), the Czech Republic (X tons) and Poland (X tons), together reaching X% of total import. It was distantly followed by the Netherlands (X tons) and Slovenia (X tons), together achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jute and jute-like fibers importing markets in the European Union were the Netherlands ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a temperate increase. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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