GCC: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in GCC

The GCC jute and jute-like fibers market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in GCC

In value terms, jute and jute-like fibers production soared to $X in 2022 estimated in export price. In general, production showed significant growth. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached 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 Saudi Arabia (X tons), accounting for X% of total volume. Moreover, jute and jute-like fibers production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), more than tenfold.

In Saudi Arabia, jute and jute-like fibers production increased at an average annual rate of X% over the period from 2012-2022.

Exports of Jute And Jute-Like Fibers

Exports in GCC

In 2022, approx. X tons of jute and jute-like fibers were exported in GCC; growing by X% against 2021. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 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

The United Arab Emirates prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Saudi Arabia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to jute and jute-like fibers exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Jute And Jute-Like Fibers

Imports in GCC

In 2022, the amount of jute and jute-like fibers imported in GCC skyrocketed to X tons, with an increase of X% on the previous year. Over the period under review, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the largest importer of jute and jute-like fibers, creating X% of total imports. It was distantly followed by Saudi Arabia (X tons), generating a X% share of total imports. The following importers - Oman (X tons) and Kuwait (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported jute and jute-like fibers in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a 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 ($X per ton), while Kuwait ($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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