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). PM Modi approves Ladakh’s first central university; will have a Centre... China launches first rocket from mobile platform at sea. In value terms, jute production totaled $2.7B in 2018 estimated in export prices. (Islam, 2017) The study on the marketing channel of jute is useful for all persons involved in performing marketing functions. 235559 million (of which Knitwear decreases by Tk. InfodriveIndia covers Bags-Jute Export from India shipments in 180+ ports in India and export data is available with a backlog of just 3 days. The most prominent rate of growth was recorded in 2010 an increase of 38% year-to-year. 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The shares of the other countries remained relatively stable throughout the analyzed period. 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. According to the Export Promotion Bureau (EPB) data, Bangladesh’s export earnings from jute and jute goods posted an 8.10% growth to $882.35 million in Fy20, which was $816.27 million in FY19. ECO-JUTE EXPORTS has been functional since 2008, as an exporting wing of EXIM N TRADE. Exports have fallen as other countries grew jute and alternate products like plastic and hemp found more widespread use. The pace of growth was the most pronounced in 2010 with an increase of 48% against the previous year. From 2012 to 2018, global jute production growth remained at a lower figure. Once upon time Jute Called the Golden Fiber of Bangladesh. IndexBox has published a new report: ‘World – Jute And Jute-Like Fibers – Market Analysis, Forecast, Size, Trends and Insights’. 3. Bangladesh dominates jute exports structure, reaching 229K tons, which was near 79% of total exports in 2018. 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. Fingers Pointing At Billionaire Philanthropist Bill Gates For Intentionally Creating The Coronavirus; Is It A Conspiracy Or True? Jute is exported to 136 countries and territories. Exports in Bangladesh averaged 53.12 BDT Billion from 1972 until 2020, reaching an all time high of 279.82 BDT Billion in July of 2019 and a record low of 0.05 BDT Billion in February of 1972. Nepal (41K tones) took the next position in the ranking, followed by China (31K tons). The most prominent rate of growth was recorded in 2016 with an increase of 18% year-to-year. The country earned lot of Foreign currency from jute & jute process products, The present government of Bangladesh has taken lot of steps Jute cultivation & production of jute & jute processing products & all for this Bangladesh gained good success in Jute products earnings. 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. Tel : +8802 7195020 , FAX : 02 7195019, Mobile: +8801777840577 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. … Other relatively small destinations (in ascending order of export earnings) are Pakistan, Sudan, Egypt, Iran, Indonesia, Uzbekistan and the USA. The pace of growth was the most pronounced in 2011 when the market value increased by 18% year-to-year. In 2018, the country with the highest price was Kenya ($1,572 per ton), while Malaysia ($131 per ton) was amongst the lowest. IJMA provides statistics, Statistical Data about Production of Gunnies, Import of Jute Goods from Bangladesh and Export of Jute Goods from India. In 2019-20 the total earning from exporting raw jute is $100.52 million and its total share on export is 2.62%. 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 … Because of the measures taken by the Government, exports of jute and jute products have been steadily increasing for several months. The countries with the highest volumes of jute production in 2018 were India (2.1M tons) and Bangladesh (1.6M tons), with a combined 93% share of global production. Over the period under review, jute imports, however, continue to indicate a drastic decline. Technology: All-Indaia Area, Production and Yield of Jute and Mesta. 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. Over the period under review, the export price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +5.8% over the last eleven-year period. The average jute import price stood at $669 per ton in 2018, going down by -7.9% against the previous year. The country earned $563.9 million by exporting jute and jute goods during the same period in FY2016-17. 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 global jute market revenue amounted to $2.7B in 2018, going up by 4.6% against the previous year. Based on 2018 figures, jute import price decreased by -18.3% against 2016 indices. In that year, global jute production reached its peak level of $2.9B. @2020 - Textile Today. The export earnings from jute and jute goods are also 20.47 percent higher than the target set by the government. This country exports Jute in the USA, UK, Russia, Japan, Pakistan, Germany, India, etc. Based on 2018 figures, jute export price decreased by -11.1% against 2016 indices. The most prominent rate of growth was recorded in 2011 when production volume increased by 24% year-to-year. Bangladesh Statistics 2016 is a booklet which provides important demographic and social- economic data as well as statistical indicators of Bangladesh for the year 2016 This booklet is an extraction of information from various statistical publications and reports compiled by BBS, other Ministries, Departments and Agencies. From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Germany, while the other global leaders experienced more modest paces of growth. 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. After the Independence of Bangladesh, the government nationalized major jute mills under the Bangladesh Jute Mills Corporation. The total output volume increased at an average annual rate of +1.8% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. This page provides the latest reported value for - Bangladesh Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. By contrast, Kenya (-1.9%) and India (-6.6%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Belgium and Malaysia increased by +1.7% and +1.5% percentage points, while India (-5.4 p.p.) 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. By 1975–1976, Jute exports had declined to make up only 25 … From its inception Textile Today has already created a good impression and strong reputation in global market. The most prominent rate of growth was recorded in 2016 when imports increased by 17% y-o-y. STATISTICAL INFORMATION ON JUTE YARN & TWINE SECTOR JUTE THE NATURAL FIBER. The most prominent rate of growth was recorded in 2016 with an increase of 19% y-o-y. So, this nation is exporting rawhide and its products. From 2017 to 2018, global jute production growth remained at a somewhat lower figure. It was distantly followed by India (14K tons), creating a 4.8% share of total exports. Bangladesh’s top 10 exports are Knitted or Crocheted Apparel & Clothing, Not Knitted or Crocheted Apparel & Clothing, Other made-up Textile Articles, Footwear, Other Vegetable Textile Fibres, Fish & Crustaceans, Articles of Leather, Headgear, Raw Hides & Skin and Tobacco as per Bangladesh export statistics. 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. A … Bangladesh now exports jute and jute goods worth $1 billion, yet this could be raised to $5-7 billion with proper policy guidelines. The global imports peaked at 496K tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum. From 2012 to 2018, the growth of the global jute market remained at a somewhat lower figure. 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. In value terms, jute exports stood at $213M (IndexBox estimates) in 2018. Export of jute goods to other countries. Bangladesh dominates jute exports structure, reaching 229K tonnes, which was near 79% of total exports in 2018. 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. However, Abdul Quayyum, secretary to Bangladesh Jute Association, said nearly 100,000 bales of raw jute had already been shipped. Export Promotion Bureau (EPB) data shows, Bangladesh exported jute and jute goods worth nearly $920 million in fiscal year 2015-16. Ltd. Company. 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. All these countries together took approx. Textile Today is a regular publication of Amin & Jahan Corporation Ltd. It’s a comprehensive magazine for textile, apparel & fashion industry. The pace of growth was the most pronounced in 2010 an increase of 58% year-to-year. The export earnings from jute and jute goods are also 20.47 percent higher than the target set by the government. 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. In that year, the global jute market reached its peak level of $2.9B. 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 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. In the other countries, the average annual rates were as follows: India (-1.2% per year) and Pakistan (-4.8% per year). Jute and its products have a great impact on the economy of Bangladesh. 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). saw their share reduced. Bangladesh Jute Goods Exporters’ Association (BJGEA) A & A Tower, 173, Arambag (3 rd Floor), Motijheel, Dhaka- 1000. At the same time, Malaysia (+33.3%), Belgium (+6.0%) and Tanzania (+1.5%) displayed positive paces of growth. From 2007 to 2018, the average annual rate of growth in terms of value in Bangladesh amounted to -1.8%. 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. In that year, global jute production reached its peak volume of 3.9M tons. There were significant differences in the average prices amongst the major exporting countries. 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. 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. Commodity-wise export receipts (Excluding EPZ) In classification of Export Receipts by Commodities it is revealed that Exports Receipts in the quarter Apr.-Jun.,2020 decreases in Readymade Garments by Tk. 123572 million and Woven Garments decreases by Tk. Consignment wise export permit issued by the Bangladesh Tea Board for export of tea. In general, jute imports, however, continue to indicate a relatively flat trend pattern. “We hope for a positive response soon,” Miah said. … 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. Courtesy: Collected. 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. 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. It was followed by Kenya, with a 6.5% share. In 1969-1970 period Jute was responsible for 46 percent of foreign exchange earning by Pakistan. The general positive trend in terms of jute output was largely conditioned by mild growth of the harvested area and a modest increase in yield figures. Statistics: Top Jute producing countries. “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. InfodriveIndia provides latest Bags-Jute Export from India and statistics from actual shipment data from Indian Customs. Diversification: World Jute production, actual and projected (2010) Jute Policy : Ready prices (1996-2001) of varieties of jute goods: Jute News: FAQ Promoting India-Vietnam Trade in Agricultural & Food Processing 2020, UK court issues arrest warrant against Nirav Modi, Educational Qualifications of all Indian PMs. The country earned lot of Foreign currency from jute & jute process products, The present government of Bangladesh has taken lot of steps Jute cultivation & production of jute & jute processing products & all for this Bangladesh gained good success in Jute products earnings. 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. 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. 111987 million), Jute & Jute Manufactures by Tk. The average jute export price stood at $734 per ton in 2018, therefore, it remained relatively stable against the previous year. In value terms, Bangladesh ($158M) remains the largest jute supplier worldwide, comprising 74% of global exports. Bangladesh produces, as of 2018, 33 percent of the total worldwide production of jute. Many US Families in Shock over Trump Denying Signing Covid Aid Bill; All Benefits on Standstill. Because of the measures taken by the Government, exports of jute and jute products have been steadily increasing for several months. शीर्ष शिक्षाविदों और मीडिया हस्तियों ने ICAN3 के उद्घाटन के दिन... Union Human Resource Development Minister interacts with parents across the country... Jamia Milia Islamia University Organized 3 days Multidisciplinary International Conference. 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. Global exports totaled 291K tons in 2018, increasing by 5.7% against the previous year. We deliver data Online, by email and by CD in Excel. Jute was historically a major export item of Bangladesh but has declined since the 1970s. 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. The second position in the ranking was occupied by Tanzania ($18M), with a 8.2% share of global exports. It was distantly followed by India (14K tonnes), creating a … In Bangladesh, jute per capita consumption expanded at an average annual rate of +14.5% over the period from 2007-2018. 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. Jute is a major industry in Bangladesh and in 1947-1948 made up 80 percent of the exports from East Bengal. 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 There were significant differences in the average prices amongst the major importing countries. From 2007 to 2018, the most notable rate of growth in terms of jute production, amongst the main producing countries, was attained by Bangladesh. 4. Figure: Bangladesh’s export earnings from jute and jute goods posted an 8.10% growth to $882.35 million in Fy20. This is a 39.26 per cent jump from the same period in the previous year and 12 per cent … 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. In 2018, approx. Bangladesh for many years has been making a successful contribution on jute sectors adding a handsome turnover to the country‟s export earnings. It was distantly followed by India (14K tons), creating a 4.8% share of total exports. Dhaka Bureau Policy Times : Once upon time Jute Called the Golden Fiber of Bangladesh. A government project titled ‘Advanced Technology Based Jute and Jute Seed Production and Expansion’ is currently being implemented in 230 upazilas of 46 districts of the country, with a view to increasing the production of quality jute and achieve self-sufficiency in jute seed production by 2023. 4 talking about this. Exports from Bangladesh decreased at an average annual rate of -8.0% from 2007 to 2018. The global exports peaked at $361M in 2011; however, from 2012 to 2018, exports remained at a lower figure. Overall, jute exports, however, continue to indicate a deep curtailment. 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. Here is a summary of the report’s key findings. Welcome to the official Facebook Page of the Bangladesh Jute Goods Exporters Association (BJGEA) Overall, jute exports, however, continue to indicate a slight drop. 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. 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. Rawhide & its products, shoe: Bangladesh abounds in cow, buffalo, and goat. 2. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 25% share of total imports. Approval of the Ministry of Industries in the case of export of Urea fertilizer produced in all factories except KAFCO. From 2007 to 2018, the most notable rate of growth in terms of jute consumption, amongst the main consuming countries, was attained by Bangladesh, while the other global leaders experienced mixed trends in the consumption figures. 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) The global exports peaked at 643K tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum. and Bangladesh (-117.5 p.p.) In value terms, jute imports amounted to $197M (IndexBox estimates) in 2018. Jute Industry in Bangladesh is an industry that is historically and culturally important that once was the biggest industry in the region but has declined since then. In 2018, approx. 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. All Rights Reserved. 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. The company ECO-JUTEX is 100% export-oriented and solely dedicated for the development, promotion, and export of Jute & Jute goods. In other countries, the average annual rates were as follows: Tanzania (+5.8% per year) and Kenya (+2.4% per year). 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). 295K tons of jute and jute-like fibers were imported worldwide; jumping by 8% against the previous year. ERC for jute, jute goods and tea. The most prominent rate of growth was recorded in 2010 with an increase of 59% year-to-year. Recorded throughout the analyzed period totaled 291K tons in 2007 ; however, from 2008 to 2018, by!, continue to indicate a deep curtailment most prominent rate of growth was recorded in 2016 with an increase 38... Modi approves Ladakh ’ s key findings fingers Pointing at Billionaire Philanthropist Bill Gates Intentionally... Was recorded in 2011 when the market value increased by nearly 40 percent in the case of of! After the Independence of Bangladesh but has declined since the 1970s earned $ 563.9 million by exporting jute and.. … export of jute & jute goods are also 20.47 percent higher than the target set by the government foreign. Exporting jute and jute goods from India shipments in 180+ ports in India and statistics actual. Lower figure increase of 58 % year-to-year under the Bangladesh Tea Board for export of fertilizer! 2010 with an increase of 58 % year-to-year total exports in 2018, going down by -7.9 % against indices... Bags-Jute export from India since the 1970s remains the largest jute supplier worldwide, comprising 74 % of global totaled! Platform at sea first rocket from mobile platform at sea at an average annual rate growth. Regain their momentum export price decreased by -11.1 % against the previous year target by. 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