MENA: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in MENA

In 2022, the MENA's jute and jute-like fibers market was finally on the rise to reach $X for the first time since 2015, thus ending a six-year declining trend. In general, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in MENA

In value terms, jute and jute-like fibers production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The country with the largest volume of jute and jute-like fibers production was Turkey (X tons), accounting for X% of total volume. Moreover, jute and jute-like fibers production in Turkey exceeded the figures recorded by the second-largest producer, Saudi Arabia (X tons), threefold.

In Turkey, jute and jute-like fibers production 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: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Exports of Jute And Jute-Like Fibers

Exports in MENA

Jute and jute-like fibers exports shrank remarkably to X tons in 2022, waning by X% on the year before. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports contracted markedly to $X in 2022. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. The following exporters - Tunisia (X tons), Egypt (X tons), Algeria (X tons) and Israel (X tons) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Tunisia (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Egypt and Algeria experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey, the United Arab Emirates, Tunisia and Algeria increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jute and jute-like fibers supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Tunisia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a modest increase. The level of export peaked at $X per ton in 2015; however, from 2016 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 the United Arab Emirates ($X per ton), while Algeria ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Jute And Jute-Like Fibers

Imports in MENA

In 2022, approx. X tons of jute and jute-like fibers were imported in MENA; surging by X% against 2021. In general, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports rose notably to $X in 2022. Overall, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons) represented the key importer of jute and jute-like fibers, constituting X% of total imports. Egypt (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). Syrian Arab Republic (X tons), Saudi Arabia (X tons), Djibouti (X tons), Jordan (X tons), Algeria (X tons) and Libya (X tons) followed a long way behind the leaders.

Imports into Tunisia increased at an average annual rate of X% from 2012 to 2022. At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%), Djibouti (X%), Jordan (X%), the United Arab Emirates (X%), Algeria (X%), Libya (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia and Egypt increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jute and jute-like fibers importing markets in MENA were Tunisia ($X), the United Arab Emirates ($X) and Egypt ($X), together accounting for X% of total imports.

In terms of the main importing countries, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 United Arab Emirates ($X per ton), while Tunisia ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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