The global exports peaked at $361M in 2011; however, from 2012 to 2018, exports remained at a lower figure. Global exports totaled 291K tons in 2018, increasing by 5.7% against the previous year. The most prominent rate of growth was recorded in 2016 with an increase of 19% y-o-y. In 2019-20 the total earning from exporting raw jute is $100.52 million and its total share on export is 2.62%. Nepal (41K tones) took the next position in the ranking, followed by China (31K tons). The most prominent rate of growth was recorded in 2010 with an increase of 59% year-to-year. Fingers Pointing At Billionaire Philanthropist Bill Gates For Intentionally Creating The Coronavirus; Is It A Conspiracy Or True? Bangladesh now exports jute and jute goods worth $1 billion, yet this could be raised to $5-7 billion with proper policy guidelines. Dhaka Bureau Policy Times : Once upon time Jute Called the Golden Fiber of Bangladesh. The export earnings from jute and jute goods are also 20.47 percent higher than the target set by the government. “We hope for a positive response soon,” Miah said. In 2018, approx. Technology: All-Indaia Area, Production and Yield of Jute and Mesta. JUTE EXPORTS JUMP According to the export earnings update put out by the Export Promotion Bureau, or EPB, on Sunday, Bangladesh earned Tk 307,550,000 from jute and jute product exports in the first quarter (July-September) of the current 2020-21 fiscal year. and Bangladesh (-117.5 p.p.) It was distantly followed by India (14K tons), creating a 4.8% share of total exports. Bangladesh Jute Goods Exporters’ Association (BJGEA) A & A Tower, 173, Arambag (3 rd Floor), Motijheel, Dhaka- 1000. Bangladesh dominates jute exports structure, reaching 229K tonnes, which was near 79% of total exports in 2018. From 2007 to 2018, the average annual rate of growth in terms of value in Bangladesh amounted to -1.8%. The pace of growth was the most pronounced in 2010 with an increase of 48% against the previous year. ERC for jute, jute goods and tea. Bangladesh produces, as of 2018, 33 percent of the total worldwide production of jute. The following importers – Germany (8,103 tones), the UK (6,147 tones), Cote d’Ivoire (5,799 tons), Brazil (5,503 tones) and South Korea (4,465 tones) – together made up 10% of total imports. Welcome to the official Facebook Page of the Bangladesh Jute Goods Exporters Association (BJGEA) In value terms, jute imports amounted to $197M (IndexBox estimates) in 2018. 2. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other global leaders experienced more modest paces of growth. Bangladesh for many years has been making a successful contribution on jute sectors adding a handsome turnover to the country‟s export earnings. The total output value increased at an average annual rate of +1.8% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The second position in the ranking was occupied by Tanzania ($18M), with a 8.2% share of global exports. This is a 39.26 per cent jump from the same period in the previous year and 12 per cent … IndexBox has published a new report: ‘World – Jute And Jute-Like Fibers – Market Analysis, Forecast, Size, Trends and Insights’. In general, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +4.3% over the last eleven years. Along with foreign demands our domestic consumers are changing their perception and attitude towards jute products. Bangladesh dominates jute exports structure, reaching 229K tons, which was near 79% of total exports in 2018. Diversification: World Jute production, actual and projected (2010) Jute Policy : Ready prices (1996-2001) of varieties of jute goods: Jute News: FAQ Over the period under review, the average export prices for jute and jute-like fibers attained their peak figure at $825 per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure. Tel : +8802 7195020 , FAX : 02 7195019, Mobile: +8801777840577 STATISTICAL INFORMATION ON JUTE YARN & TWINE SECTOR JUTE THE NATURAL FIBER. In 2018, the highest levels of jute per capita consumption was registered in Bangladesh (8,154 kg per 1000 persons), followed by India (1,552 kg per 1000 persons), Pakistan (453 kg per 1000 persons) and China (54 kg per 1000 persons), while the world average per capita consumption of jute was estimated at 512 kg per 1000 persons. In 2018, the country with the highest price was Cote d’Ivoire ($1,097 per ton), while China ($501 per ton) was amongst the lowest. Jute was historically a major export item of Bangladesh but has declined since the 1970s. Figure: Bangladesh’s export earnings from jute and jute goods posted an 8.10% growth to $882.35 million in Fy20. @2020 - Textile Today. The export earnings from jute and jute goods are also 20.47 percent higher than the target set by the government. Rawhide & its products, shoe: Bangladesh abounds in cow, buffalo, and goat. By 1975–1976, Jute exports had declined to make up only 25 … The shares of the other countries remained relatively stable throughout the analyzed period. This country exports Jute in the USA, UK, Russia, Japan, Pakistan, Germany, India, etc. In 2018, approx. The pace of growth was the most pronounced in 2011 when the market value increased by 18% year-to-year. Approval of the Ministry of Industries in the case of export of Urea fertilizer produced in all factories except KAFCO. The market value increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The country earned $563.9 million by exporting jute and jute goods during the same period in FY2016-17. 3.9M tons of jute and jute-like fibers were produced worldwide; picking up by 2.4% against the previous year. Export of jute goods to other countries. In value terms, jute exports stood at $213M (IndexBox estimates) in 2018. In that year, global jute production reached its peak level of $2.9B. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global jute imports reached their maximum at $342M in 2011; however, from 2012 to 2018, imports remained at a lower figure. The average jute import price stood at $669 per ton in 2018, going down by -7.9% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Kenya ($1,572 per ton), while Malaysia ($131 per ton) was amongst the lowest. Promoting India-Vietnam Trade in Agricultural & Food Processing 2020, UK court issues arrest warrant against Nirav Modi, Educational Qualifications of all Indian PMs. Statistics says The export earnings from jute and jute products have increased by nearly 40 percent in the current 2020-21 fiscal year of Bangladesh. All these countries together took approx. Pakistan (91K tons) and India (64K tons) represented the largest importers of jute and jute-like fibers in 2018, amounting to near 31% and 22% of total imports, respectively. Bangladesh exports 0.46 million (4.60 lakh) tonnes of jute goods while India enjoys a share of 0.285 million (2.85 lakh) tonnes in the international market. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Textile Today is a regular publication of Amin & Jahan Corporation Ltd. It’s a comprehensive magazine for textile, apparel & fashion industry. The most prominent rate of growth was recorded in 2010 an increase of 38% year-to-year. Here is a summary of the report’s key findings. The countries with the highest volumes of jute consumption in 2018 were India (2.1M ton), Bangladesh (1.4M ton) and Pakistan (91K ton), with a combined 90% share of global consumption. After the Independence of Bangladesh, the government nationalized major jute mills under the Bangladesh Jute Mills Corporation. Over the period under review, the average import prices for jute and jute-like fibers reached their maximum at $819 per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum. In other countries, the average annual rates were as follows: Tanzania (+5.8% per year) and Kenya (+2.4% per year). Export Promotion Bureau (EPB) data shows, Bangladesh exported jute and jute goods worth nearly $920 million in fiscal year 2015-16. Over the period under review, jute imports, however, continue to indicate a drastic decline. Statistics says The export earnings from jute and jute products have increased by nearly 40 percent in the current 2020-21 fiscal year of Bangladesh. It was distantly followed by India (14K tons), creating a 4.8% share of total exports. In that year, the global jute market reached its peak level of $2.9B. 4 talking about this. From 2007 to 2018, the most notable rate of growth in terms of jute production, amongst the main producing countries, was attained by Bangladesh. Bangladesh earned $791.3 million from the export of jute and jute products in the first ten months (July-April) of the current fiscal year 2019-20, 14% higher than the earnings during the corresponding period of the previous fiscal year. THE indefinite ban by the government of Bangladesh on jute export, which earns it foreign exchange, may be a tactic to see the reaction of their importers. (Islam, 2017) The study on the marketing channel of jute is useful for all persons involved in performing marketing functions. In value terms, jute production totaled $2.7B in 2018 estimated in export prices. Jute and its products have a great impact on the economy of Bangladesh. 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