In 2024, India leads global jute production with a value of $796.0 million, closely followed by Bangladesh at $792.58 million. Significant variations include China with a 7.9% year-on-year increase and Myanmar showing a remarkable 188.13% rise. Conversely, Uzbekistan and Nepal saw declines of -2.93% and -1.56% respectively. Over the past year, trends indicate stability in the market with minor fluctuations, except for the sharp rise in Myanmar.
Looking ahead, the global jute market is likely to witness increased investments in Myanmar, given its recent surge in production. Continued stability in India and Bangladesh’s outputs is expected, with potential growth in China due to industrial expansion. Market players should monitor technological advancements and trade policies that may impact production capacities and international trade flows.
Top countries in Jute, raw or retted Gross Production by Country
| # | 10 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 796,000 | 2023 | -1.37% | -0.24% | View data |
| 2 | 2 Bangladesh | 792,580 | 2023 | +0.25% | +1.03% | View data |
| 3 | 3 China | 17,970 | 2023 | +15% | +7.9% | View data |
| 4 | 4 Uzbekistan | 7,610 | 2023 | -7.81% | -2.93% | View data |
| 5 | 5 Nepal | 4,810 | 2023 | -0.48% | -1.56% | View data |
| 6 | 6 South Sudan | 1,740 | 2023 | +0.69% | +1.28% | View data |
| 7 | 7 Zimbabwe | 1,270 | 2023 | +0.48% | +0.21% | View data |
| 8 | 8 Egypt | 1,050 | 2023 | -0.57% | -0.17% | View data |
| 9 | 9 Myanmar | 993 | 2023 | +103.9% | +188.13% | View data |
| 10 | 10 Bhutan | 160 | 2023 | 0% | 0% | View data |
