Key Takeaways
- In 2022-23, India's jute production reached 1,77,49,000 bales of 180 kg each, marking a 5.2% increase from the previous year due to favorable monsoon conditions.
- Bangladesh produced 1.349 million metric tons of raw jute in the 2021-22 fiscal year, accounting for 42% of global production.
- Global jute and allied fibre production stood at 3.23 million tonnes in 2022, with a CAGR of 1.8% from 2018-2022.
- India's jute exports of raw fibre were 28,000 tonnes in FY23.
- Bangladesh exported 12,500 tonnes of raw jute in 2021-22 valued at $15 million.
- Global jute exports totaled 1.2 million tonnes in 2022, led by Bangladesh at 55% share.
- Jute industry in India employs 4.61 lakh workers directly in mills and allied sectors as of 2023.
- Bangladesh jute sector provides jobs to 5 million farmers and 0.4 million mill workers in 2022.
- West Bengal hosts 60 jute mills employing 2.6 lakh workers, 55% of India's total.
- India's jute sector contributes ₹2,500 crore annually to worker wages.
- Bangladesh jute industry generates $1.2 billion export revenue yearly 2022.
- Global jute market size valued at $2.8 billion in 2022, projected CAGR 5.2% to 2030.
- Jute carbon credit potential valued at $100 million globally by 2030.
- Jute cultivation sequesters 15 tonnes CO2 per hectare annually.
- Biodegradable jute bags decompose in 3-6 months vs 100 years for plastic.
Global jute production grew in 2022, with India and Bangladesh as the leading producers.
Economic Impact
Economic Impact Interpretation
Employment Workforce
Employment Workforce Interpretation
Export Import Data
Export Import Data Interpretation
Production Statistics
Production Statistics Interpretation
Sustainability Innovation
Sustainability Innovation Interpretation
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