All Rights Reserved. In that year, global jute production reached its peak level of $2.9B. 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. At the same time, Malaysia (+33.3%), Belgium (+6.0%) and Tanzania (+1.5%) displayed positive paces of growth. The average jute import price stood at $669 per ton in 2018, going down by -7.9% against the previous year. Other relatively small destinations (in ascending order of export earnings) are Pakistan, Sudan, Egypt, Iran, Indonesia, Uzbekistan and the USA. 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. Many US Families in Shock over Trump Denying Signing Covid Aid Bill; All Benefits on Standstill. The export earnings from jute and jute goods are also 20.47 percent higher than the target set by the government. In 2018, approx. 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. From 2007 to 2018, the most notable rate of growth in terms of jute production, amongst the main producing countries, was attained by Bangladesh. Promoting India-Vietnam Trade in Agricultural & Food Processing 2020, UK court issues arrest warrant against Nirav Modi, Educational Qualifications of all Indian PMs. In value terms, India ($1.2B), Bangladesh ($899M) and Pakistan ($70M) were the countries with the highest levels of market value in 2018, with a combined 79% share of the global market. In value terms, Bangladesh ($158M) remains the largest jute supplier worldwide, comprising 74% of global exports. It was followed by Kenya, with a 6.5% share. 3.9M tons of jute and jute-like fibers were produced worldwide; picking up by 2.4% against the previous year. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Rawhide & its products, shoe: Bangladesh abounds in cow, buffalo, and goat. Statistics: Top Jute producing countries. Along with foreign demands our domestic consumers are changing their perception and attitude towards jute products. (Islam, 2017) The study on the marketing channel of jute is useful for all persons involved in performing marketing functions. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nepal, while the other global leaders experienced more modest paces of growth. However, Abdul Quayyum, secretary to Bangladesh Jute Association, said nearly 100,000 bales of raw jute had already been shipped. Export earnings from Jute Products increased 40 percent 2020-21 fiscal years in Bangladesh, Indo-Vietnam Business Fourm 2020: Tourism, DME to organize three-day mega virtual Media Fest ‘Vritika-2020’, Bangladesh telecommunication industry fifth largest in Asia- Pacific, Pak High Commissioner paid a Courtesy call on the Bangladesh State Minister for Foreign Affairs. It was distantly followed by India (14K tons), creating a 4.8% share of total exports. The following exporters – Tanzania (12,710 tons), Belgium (10,536 tons), Kenya (8,787 tons) and Malaysia (4,638 tons) – together made up 13% of total exports. Global exports totaled 291K tons in 2018, increasing by 5.7% against the previous year. Review, jute import price stood at $ 361M in 2011 ; however, continue to indicate drastic... 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