Jute yarn continues to be one of Bangladesh’s primary export products, contributing significantly to the country’s economy. Below is a detailed overview of the export data for jute yarn in various countries during the 2022-2023 fiscal year, highlighting the quantity exported, growth compared to the previous year, and average export value.
Export Data Table (2022-2023 Fiscal Year)
| Country | Quantity Exported (Metric Tons) | Growth (%) | Average Export Value (BDT) | Average Export Value (USD) |
|---|---|---|---|---|
| Turkey | 137,186 | +9.27 | 98,214 | 954 |
| China | 74,336 | -7.05 | 91,861 | 893 |
| India | 36,107 | +12.59 | 96,391 | 937 |
| Egypt | 17,819 | -55.17 | 103,103 | 1,100 |
| Uzbekistan | 17,655 | -2.05 | 114,890 | 1,117 |
| Iran | 13,142 | +26.12 | 153,911 | 1,497 |
| Indonesia | 9,042 | -31.39 | 105,408 | 1,025 |
| Ivory Coast | 8,797 | +41.08 | 111,674 | 1,086 |
| UAE | 8,617 | -22.27 | 116,792 | 1,136 |
| Jordan | 7,743 | -14.79 | 109,427 | 1,064 |
| Pakistan | 6,905 | -14.33 | 62,954 | 612 |
| Russia | 5,098 | -18.05 | 134,248 | 1,305 |
| Belgium | 2,417 | -59.75 | 116,717 | 1,135 |
1. Turkey
Turkey remains the largest importer of Bangladeshi jute yarn, importing 137,186 metric tons in the 2022-2023 fiscal year, accounting for 34.89% of total exports. This marks a 9.27% increase from the previous year. The average export value was BDT 98,214 (USD 954), indicating the sustained demand for high-quality jute yarn in Turkey.
2. China
China imported 74,336 metric tons of jute yarn, representing 18.90% of total exports. However, this was a 7.05% decrease from the previous year. The average export value to China was BDT 91,861 (USD 893), reflecting competitive pricing to maintain market share.
3. India
India saw a significant increase in imports, with 36,107 metric tons, up 12.59% from the previous year. This accounted for 9.18% of total exports. The average export value was BDT 96,391 (USD 937), showcasing India’s growing reliance on Bangladeshi jute yarn for various industrial applications.
4. Egypt
Egypt’s imports declined dramatically by 55.17%, totaling 17,819 metric tons. This accounted for 4.53% of total exports. Despite the decrease, the average export value was BDT 103,103 (USD 1,100), indicating a stable pricing structure amidst reduced volume.
5. Uzbekistan
Uzbekistan imported 17,655 metric tons, a slight decrease of 2.05% from the previous year, making up 4.49% of total exports. The average export value was BDT 114,890 (USD 1,117), highlighting consistent demand with a focus on quality.
6. Iran
Iran showed a substantial increase of 26.12% in imports, totaling 13,142 metric tons, which is 3.34% of total exports. The average export value was BDT 153,911 (USD 1,497), reflecting the high value placed on jute yarn in the Iranian market.
7. Indonesia
Indonesia’s imports decreased by 31.39% to 9,042 metric tons, accounting for 2.29% of total exports. The average export value was BDT 105,408 (USD 1,025), indicating competitive market conditions.
8. Ivory Coast
Ivory Coast saw a notable increase of 41.08%, importing 8,797 metric tons, which is 2.23% of total exports. The average export value was BDT 111,674 (USD 1,086), demonstrating strong market growth.
9. UAE
The UAE imported 8,617 metric tons, a decrease of 22.27%, representing 2.19% of total exports. The average export value was BDT 116,792 (USD 1,136), showing a balanced market with steady demand.
10. Jordan
Jordan’s imports decreased by 14.79% to 7,743 metric tons, making up 2.25% of total exports. The average export value was BDT 109,427 (USD 1,064), indicating a competitive yet stable market.
11. Pakistan
Pakistan imported 6,905 metric tons, a 14.33% decrease, representing 1.75% of total exports. The average export value was BDT 62,954 (USD 612), reflecting lower prices due to reduced demand.
12. Russia
Russia’s imports decreased by 18.05% to 5,098 metric tons, accounting for 1.29% of total exports. The average export value was BDT 134,248 (USD 1,305), indicating a premium market.
13. Belgium
Belgium imported 2,417 metric tons, a significant decrease of 59.75%, representing 0.61% of total exports. The average export value was BDT 116,717 (USD 1,135), suggesting a competitive market with high standards.
Zaman Jute’s robust export performance across various global markets underscores our commitment to quality and sustainability. Our significant presence in countries like Turkey, China, and India highlights the global reliance on Bangladeshi jute yarn, ensuring we remain a leading player in the international market.
