SADC: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in SADC

The SADC jute and jute-like fibers market soared to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in SADC

In value terms, jute and jute-like fibers production dropped to $X in 2022 estimated in export price. The total production indicated a noticeable expansion 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 most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of jute and jute-like fibers production was Tanzania (X tons), comprising approx. X% of total volume. Moreover, jute and jute-like fibers production in Tanzania exceeded the figures recorded by the second-largest producer, Mozambique (X tons), twofold.

In Tanzania, jute and jute-like fibers production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mozambique (X% per year) and Madagascar (X% per year).

Exports of Jute And Jute-Like Fibers

Exports in SADC

In 2022, the amount of jute and jute-like fibers exported in SADC dropped remarkably to X tons, falling by X% against the year before. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, jute and jute-like fibers exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Tanzania represented the largest exporter of jute and jute-like fibers in SADC, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Mozambique (X tons), making up a X% share of total exports. Madagascar (X tons) followed a long way behind the leaders.

Tanzania was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of X% from 2012 to 2022. Madagascar experienced a relatively flat trend pattern. Mozambique (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mozambique (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) remains the largest jute and jute-like fibers supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Tanzania totaled X%. In the other countries, the average annual rates were as follows: Mozambique (X% per year) and Madagascar (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, declining by X% against the previous year. Export price indicated a tangible expansion 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 2020 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 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 Tanzania ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Jute And Jute-Like Fibers

Imports in SADC

In 2022, approx. X tons of jute and jute-like fibers were imported in SADC; rising by X% against the previous year's figure. In general, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports stood at $X in 2022. Overall, imports, however, recorded a pronounced descent. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Madagascar (X tons) and Zimbabwe (X tons) were the major importers of jute and jute-like fibers in 2022, accounting for near X% and X% of total imports, respectively. Democratic Republic of the Congo (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Malawi (X%). Mozambique (X tons) and Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Madagascar ($X) and Democratic Republic of the Congo ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 SADC amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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