Jute, often referred to as the "golden fibre," has been an important part of the Indian economy for generations. Jute's versatility in textiles, packaging, and other industries makes it an excellent candidate for global export. However, joining the international trade market necessitates a deliberate approach. In this blog, we'll look at the important procedures and methods for successfully exporting jute products around the world. Along with this, we provide a list of jute export from India, jute products export data, jute bag export, and India’s jute product exporting countries.
Is the jute business profitable?
The profit margin of the jute industry is roughly 40%, allowing you to grow and manage expenditures quickly. However, experts anticipate a large increase in the worldwide jute fibre industry between 2023 and 2030. However, some sources suggest a compound annual growth rate (CAGR) of more than 5.9%. This signifies that the market's worth is projected to expand year after year during that period consistently.
What product is made from jute?
Yarn
Carpet Backing Cloth
Blanket
Decorative Fabrics
Floor Coverings
Shopping Bags
Hessian or Burlap (Plain-Woven Fabric)
Sacking (Loosely Woven Cloth)
Food-Grade Jute Cloth
The most distinct commodities made from jute fibre are yarn and twine, sacking, hessian, carpet backing fabric, and other textile mixes. It has strong tensile strength, minimal extensibility, and promotes fabric breathability. The fibres are woven into curtains, chair covers, carpets, and area rugs, and they are frequently combined with various synthetic and natural fibres.
Growing global market for jute products
Jute Market Size:
As per global trade data, The jute market was estimated at USD 2.5 billion in 2022 and is predicted to reach USD 4.9 billion by 2032, with a compound annual growth rate of more than 5.9% between 2023 and 2032.
Growing global awareness of the environmental impact of synthetic materials has resulted in greater demand for sustainable and biodegradable materials such as jute.
In addition, jute prices might fluctuate due to factors such as weather, global demand, and supply concerns.
Jute Export from India: Key Statistics and Facts
Jute is one of India's oldest and most renowned industries. India's primary jute-producing states include West Bengal, Assam, Bihar, Orissa, and Andhra Pradesh. However, because West Bengal has the most mills, the Indian jute sector is mostly dependent on it.
The jute business in India manufactures a variety of jute products, including hessian or burlap (plain-woven fabric), sacking (loosely woven cloth), food-grade jute cloth, yarn, carpet backing cloth, blankets, ornamental fabrics, floor coverings, and shopping bags. As of March 1, 2021, the number of spindles installed in the jute industry was 6,08,594.
Let’s dive into Jute export from India: 2023:24 data!
What is the export data of jute in India?
Let’s explore the chart for jute export from India:
Quick Review of Jute Export Data:
Indian jute and jute product exports have been on a steady rise.
Between 2015 and 2021, jute exports grew at an impressive 9% CAGR.
As per jute products export data, India exported nearly US$ 50 million worth of jute and floor coverings in both February and March 2022.
Jute diversified products (JDP) like shopping bags and home decor make up the biggest chunk of exports, valued at US$ 21.24 billion in 2022–23.
Traditional products like Sacking and Hessian are the major jute export from India and also saw an increase in exports, reaching US$ 83.3 million and US$ 128.8 million, respectively, in 2022–23.
Jute yarn and raw jute exports were valued at US$ 10.9 million and US$ 22.5 million, respectively, during the same period.
Let's explore the key destinations of Indian Jute:
Export Destinations of Indian Jute
Here is the list of top export destinations of Indian Jute:
USA
UK
Australia
Belgium
Egypt
Germany
Italy
Japan
Saudi Arabia
Turkey
As per jute products export data, India's largest export destinations for jute and jute goods include the United States and the United Kingdom; in 2021-22, the United States was the biggest importer of jute manufacturing, including floor covering, from India, with a value of US$ 107.13 million. However, if you need an updated list of jute products exported from India, jute bag export from India, or jute products export data, connect with Eximpedia and explore the global market insights quickly.
Now, let's discuss the top jute export from India!
Top jute products export from India
Here are the listed categories of jute export from India:
Raw Jute
Other Jute Bags
Sacking Bags (Hessian)
Carpet Backing Cloth
Twine & Rope
Deco.Fab
Gift Article
Blanket
Wall Hanging
Webbing
Soil Saver
Felt
Cotton Bagging
Canvas
Tarpaulin
According to the document, the top three jute products exported from India are hessian cloth, sacking bags, and shopping bags. In the fiscal year 2022-23 (April-March), the value of Hessian cloth exported from India was Rs. 640.34 crore; sacking bags were Rs. 673.67 crore; and shopping bags were Rs. 788.02 crore. So, if you need updated jute bag export statistics, or jute products export from India, visit Eximpedia.app
Also read: How to export Seafood and fish from India?
Jute Export from India: A Major Step for Traders
To start a jute export from India, the traders must have marker information such as jute export data and a list of jute exports from India. However, there are several documents required to jute export business:
Register your firm and acquire an IEC code.
Investigate potential markets for jute products (such as Europe and North America).
Choose jute products (raw, yarn, bags, etc.) and source them.
Obtain finance for goods, processing, and logistics.
Implement quality control standards (such as ISO or JIDC).
Create export-worthy packing with appropriate labeling.
Register with the Jute Products Development and Export Promotion Council (JPDEPC).
Find buyers through online platforms such as Eximpedia.app and explore jute bag export statistics, jute products export from India, and much more.
Prepare export contracts and collect the required documentation.
Work with a customs broker to ensure a seamless clearance.
Select reputable delivery and payment options (LC, documented collection).
Conclusion
So, jute products export from India market necessitates meticulous planning, market research, and strict adherence to quality standards and laws. Following the techniques mentioned in this guide will help you position your jute export firm for success while also contributing to the expansion of the global jute sector.
Need jute buyers' details?
Connect with Eximpedia.app and gain the most current and accurate jute buyer data and jute importer list. We also provide jute products export data. jute bag export data, top jute export from India, jute HS codes, and much more. So, if you have any queries related to jute export data or jute products export data, connect with our data experts and schedule a free live demo today!
Frequently Asked Questions(FAQ's)
1. Which country is the largest exporter of jute?
The top producing country of jute is India and biggest exporter is Bangladesh, due to their natural fertile soil.
2. Can we export jute bags from India?
Yes, Of course! jute export from India is possible! Jute's eco-friendliness and cost-effectiveness make it an excellent alternative to plastic bags in many nations. With proper marketing and quality control, Indian jute bags can be a successful export product
3. Where is jute exported from India?
jute exported from India mostly to the United States, United Kingdom, Australia, Belgium, Egypt, Germany, Italy, Japan, Saudi Arabia, and Turkey.
4. Who is the largest importer of jute?
During 2021-22, the United States was the biggest importer of jute manufacture, including floor covering, from India, with a value of US$ 118.3 million, up 26.3% from the previous year.
5. What is the rank of India in jute export?
According to jute products export, India is the world's leading producer of raw jute and jute goods, as well as the second largest exporter of jute goods.
