The global jute market shows India's dominance with nearly half of the market share, closely followed by Bangladesh. From 2022 to 2023, slight decreases were noted in India's share, while Bangladesh experienced a modest increase. China's production significantly grew by 7.9%, whereas countries like Vietnam experienced a sharp decline of 30.92%. Myanmar's share surged dramatically by 188.13%. Excluding these, other countries saw minimal changes, indicating stable production levels.
Looking forward, key trends include potential growth in China's jute production capacity, continued shifts in Myanmar, and the potential impacts of policy shifts in India's and Bangladesh's jute sectors, possibly affecting global dynamics. Monitoring these will provide insights into future market directions.
Top countries in Jute, raw or retted Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 48.97 | 2023 | -1.37% | -0.24% | View data |
| 2 | 2 Bangladesh | 48.76 | 2023 | +0.25% | +1.03% | View data |
| 3 | 3 China | 1.11 | 2023 | +15% | +7.9% | View data |
| 4 | 4 Uzbekistan | 0.47 | 2023 | -7.81% | -2.93% | View data |
| 5 | 5 Nepal | 0.3 | 2023 | -0.48% | -1.56% | View data |
| 6 | 6 South Sudan | 0.11 | 2023 | +0.69% | +1.28% | View data |
| 7 | 7 Zimbabwe | 0.078 | 2023 | +0.48% | +0.21% | View data |
| 8 | 8 Egypt | 0.065 | 2023 | -0.57% | -0.17% | View data |
| 9 | 9 Myanmar | 0.061 | 2023 | +103.9% | +188.13% | View data |
| 10 | 10 Bhutan | 0.01 | 2023 | 0% | 0% | View data |
