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In value terms, jute imports amounted to $197M (IndexBox estimates) in 2018. It was followed by Kenya, with a 6.5% share. Exports from Bangladesh decreased at an average annual rate of -8.0% from 2007 to 2018. The most prominent rate of growth was recorded in 2016 with an increase of 18% year-to-year. Textile Today is a regular publication of Amin & Jahan Corporation Ltd. It’s a comprehensive magazine for textile, apparel & fashion industry. 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. In value terms, the largest jute importing markets worldwide were Pakistan ($49M), India ($40M) and Nepal ($23M), with a combined 56% share of global imports. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. “More Masks than Jelly Fish”; Environmentalists worrying over Covid-19 waste in... Former PM Khaleda Zia sentenced to seven years in jail, Children are Real Victims of Conflicts and Wars. STATISTICAL INFORMATION ON JUTE YARN & TWINE SECTOR JUTE THE NATURAL FIBER. All Rights Reserved. Global exports totaled 291K tons in 2018, increasing by 5.7% against the previous year. In other countries, the average annual rates were as follows: Tanzania (+5.8% per year) and Kenya (+2.4% per year). The average jute export price stood at $734 per ton in 2018, therefore, it remained relatively stable against the previous year. The global imports peaked at 496K tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum. IndiaStat.Com - Find the latest data statistics of selected month-wise total exports of jute manufacture, actual export of jute goods and dispatches of gunnies from mills for export purpose in india (1999-2000 to 2008-2009) 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. 3.9M tons of jute and jute-like fibers were produced worldwide; picking up by 2.4% against the previous year. 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. 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. Courtesy: Collected. In 2019-20 the total earning from exporting raw jute is $100.52 million and its total share on export is 2.62%. The shares of the other countries remained relatively stable throughout the analyzed period. In that year, the global jute market reached its peak level of $2.9B. The pace of growth was the most pronounced in 2010 with an increase of 48% against the previous year. Jute is exported to 136 countries and territories. Bangladesh Jute Goods Exporters’ Association (BJGEA) A & A Tower, 173, Arambag (3 rd Floor), Motijheel, Dhaka- 1000. 3. Because of the measures taken by the Government, exports of jute and jute products have been steadily increasing for several months. Dhaka Bureau Policy Times : Once upon time Jute Called the Golden Fiber of Bangladesh. Jute was historically a major export item of Bangladesh but has declined since the 1970s. The pace of growth was the most pronounced in 2010 an increase of 58% year-to-year. By contrast, Kenya (-1.9%) and India (-6.6%) illustrated a downward trend over the same period. and Bangladesh (-117.5 p.p.) It was distantly followed by India (14K tons), creating a 4.8% share of total exports. Nepal recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth. 4 talking about this. IJMA provides statistics, Statistical Data about Production of Gunnies, Import of Jute Goods from Bangladesh and Export of Jute Goods from India. Jute and jute goods export maintained a steady growth as the country earned $66.18 crore in the first seven months (July-January) of the current fiscal year (FY2017-18), which is 17.36% up from the previous fiscal (FY2016-17). Ltd. Company. From 2007 to 2018, the average annual rate of growth in terms of value in Bangladesh amounted to -1.8%. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +33.3% from 2007-2018. 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. Dhaka controls 62 per cent share of the total jute goods market of the world and earn Taka 20.125 billion (2012.5 crore) ∗ Professor, Department of Business Administration, Bangladesh University, Mohammadpur, Dhaka. Bangladesh exports more than 0.8 million tonnes of jute goods across the world out of which 0.2 million to 0.25 million tonnes are exported to India. Here is a summary of the report’s key findings. About a quarter of all export demand comes from Turkey, which is followed by India (16 per cent of all jute exports), and China (13 per cent). InfodriveIndia provides latest Bags-Jute Export from India and statistics from actual shipment data from Indian Customs. Welcome to the official Facebook Page of the Bangladesh Jute Goods Exporters Association (BJGEA) Bangladesh dominates jute exports structure, reaching 229K tons, which was near 79% of total exports in 2018. Overall, jute exports, however, continue to indicate a deep curtailment. We deliver data Online, by email and by CD in Excel. The pace of growth was the most pronounced in 2011 when the market value increased by 18% year-to-year. 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In value terms, jute production totaled $2.7B in 2018 estimated in export prices. Major country/commodity-wise export receipts : Table-III shows the comparative position of Export Receipts from major trading partners during the quarters April-June, 2020, January-March, 2020 and April-June, 2019, along with their trade shares. BANGLADESH COUNTRY PROFILE THE COUNTRY: The People’s Republic of Bangladesh: GEOGRAPHICAL LOCATION: South Asia; between 20°34’and 26°38 north latitude and between 88°01’ and 92°41’ east longitude; consists of flat fertile alluvial land: BOUNDARY: North-India : (West Bengal and … Table 15 - Monthly export value of jute products by type from India 15 Table 16 - World apparent consumption of jute, kenaf and allied fibres 16 Table 17 - Exchange rates 17 In 1969-1970 period Jute was responsible for 46 percent of foreign exchange earning by Pakistan. ERC for jute, jute goods and tea. India’s GDP on Record Fall; On the Verge to Snoop Low Even below Bangladesh, Norway has shown interest to invest in the ship recycling in Bangladesh, भारत में नौकरी का हाल बेहद ख़राब होता जा रहा है| एक तरफ जहां मोदी सरकार युवाओं को 2 करोड़ नौकरियां देने का वादा किया था वो अब महज़ जुमले बाज़ी लगती है|, © The Policy Times, A Deksun Media Pvt. After the Independence of Bangladesh, the government nationalized major jute mills under the Bangladesh Jute Mills Corporation. 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. However, Abdul Quayyum, secretary to Bangladesh Jute Association, said nearly 100,000 bales of raw jute had already been shipped. The average jute import price stood at $669 per ton in 2018, going down by -7.9% against the previous year. भारत में नौकरियों की बदहाली: वेटर के 13 पदों के लिए... “Saleswalah, a book to unlock your sales potential”, India’s New Education Policy will create scope for Australian universities. The export earnings from jute and jute goods are also 20.47 percent higher than the target set by the government. Diversification: World Jute production, actual and projected (2010) Jute Policy : Ready prices (1996-2001) of varieties of jute goods: Jute News: FAQ In 2018, the country with the highest price was Kenya ($1,572 per ton), while Malaysia ($131 per ton) was amongst the lowest. 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