Home / Knowledge / News / Textiles / Jute yarn exports down due to West Asian & African unrest
Jute yarn exports down due to West Asian & African unrest
May '11
Owing to continued unrest in the North African countries and Middle East, jute spinners in Bangladesh are experiencing a fall in demand for yarn.

Around 66 percent of Bangladesh's jute yarn exports are towards key markets like North African countries, Turkey and Middle East, where jute yarn is used as an input for carpet manufacturing.

However, due to the ongoing war and political unrest, people in these importing regions are not in a mood to buy un-essential items like carpets.

Due to worsening of the ongoing crisis in oil-rich Middle East and some North African countries and the accompanying drop in demand, jute yarn prices have come down significantly over the last two-three months.

All these factors have distressed the Bangladeshi exporters trading with these troubled countries as they are witnessing a constant fall in demand over last two months.

There has been a sharp fall in export prices of jute yarn, as the prices which hovered around $1,500-$1,700 per ton during August-September, 2010 have now come down to $1,100-$1,150 per ton.

In spite of this, export earnings from jute yarn and twine with a rise of 43 percent went up to $381 million during July 2010 to March 2011.

However, the exporters hold a view that, the effect of this drop in demand and reduction in prices would start becoming apparent on export earnings in later part of the current fiscal year.

Jute yarn contributes more than 60 percent of the industry's total export earnings. But owing to the crisis in the Middle East, carpet factories in Turkey have slashed its production, which has made the Bangladeshi exporters apprehensive regarding the future.

Besides, Bangladesh also exports jute yarn and jute products to other countries like Saudi Arabia, Jordan, Syria, Belgium and Egypt.

Bangladesh supplies around 350,000-380,000 tons of the world's annual demand of around 450,000 tons of jute yarn. The country during last 2009-10 fiscal exported 380,000 tons of jute yarn.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search