Tanzania: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Tanzania

The Tanzanian jute and jute-like fibers market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in Tanzania

In value terms, jute and jute-like fibers production shrank to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of jute and jute-like fibers in Tanzania stood at less than X kg per ha, approximately reflecting the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of jute and jute-like fibers production in Tanzania stood at less than X ha, standing approx. at the year before. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Tanzania

In 2022, approx. X tons of jute and jute-like fibers were exported from Tanzania; which is down by X% against the year before. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, jute and jute-like fibers exports fell sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

China (X tons), the Philippines (X tons) and Spain (X tons) were the main destinations of jute and jute-like fibers exports from Tanzania, with a combined X% share of total exports. Nigeria, Saudi Arabia, Ghana, Benin, India, Egypt, Pakistan, Senegal, Morocco and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jute and jute-like fibers exported from Tanzania were China ($X), the Philippines ($X) and Saudi Arabia ($X), together comprising X% of total exports. Spain, Nigeria, India, Ghana, Benin, Egypt, Senegal, Pakistan, Morocco and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Senegal, with a CAGR of X%, recorded 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 average jute and jute-like fibers export price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Tanzania

In 2022, imports of jute and jute-like fibers into Tanzania reduced slightly to X tons, shrinking by X% against 2021. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports dropped modestly to $X in 2022. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of jute and jute-like fibers to Tanzania, accounting for a X% share of total imports. Moreover, jute and jute-like fibers imports from the United States exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), threefold. The third position in this ranking was held by Kenya (X kg), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Kenya (X% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Tanzania, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Bangladesh stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Kenya (X% per year).

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, showed perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :