In 2023, Tanzania led global jute exports, with notable year-on-year growth of 18.05%, highlighting its strengthened position in the market. Belgium maintained moderate growth, while India experienced a slight decline. The USA and Germany saw minor fluctuations, with Germany experiencing a mild increase. Estonia and Belarus exhibited significant growth among smaller players, while Singapore and Samoa showed remarkable increases in exports year-on-year. In contrast, Canada and Thailand faced significant declines, reflecting changing dynamics and challenges in these markets.
Forecasts for 2024 suggest continued growth for Tanzania as it strengthens its market dominance. Developing markets like Estonia and Samoa may continue to capitalize on their growth trajectories. A focus on sustainable practices and the growing demand for environmentally friendly materials could shape jute export trends, offering potential growth opportunities for exporters worldwide, particularly in regions emphasizing eco-friendly supply chains.
Top countries in Export of Jute by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Tanzania | 6,338,800 | 2023 | -8.78% | +18.05% | View data |
| 2 | 2 Belgium | 5,381,700 | 2023 | +2.63% | +2.49% | View data |
| 3 | 3 India | 4,978,400 | 2023 | -6.11% | -2.23% | View data |
| 4 | 4 United States | 1,052,100 | 2023 | +1.34% | -1.96% | View data |
| 5 | 5 Germany | 808,360 | 2023 | +2% | +1.91% | View data |
| 6 | 6 Indonesia | 760,620 | 2023 | +5.49% | +0.34% | View data |
| 7 | 7 Spain | 465,020 | 2023 | -0.049% | +1.95% | View data |
| 8 | 8 Malaysia | 448,830 | 2023 | +4.14% | +4.71% | View data |
| 9 | 9 United Kingdom | 416,100 | 2023 | +2.31% | -1.93% | View data |
| 10 | 10 Netherlands | 386,750 | 2023 | -1.61% | +0.15% | View data |
