The jute trade is currently centered around the Indian subcontinent. The major producing countries of jute are: Bangladesh, India, China, Thailand, Myanmar. Bangladesh is the largest exporter of raw jute, and India is the largest producer as well as largest consumer of jute products in the world. Therefore, the local price of raw jute in Bangladesh is the international price. Again, the local price of jute goods in India is the international price.
As an input to the jute manufacturing (goods) industry, the demand for jute is derived in demand. Nearly 75% of jute goods are used as packaging materials, burlap (hessian), and sacks. Carpet Backing Cloth, the third major jute outlet, is fast growing in importance. Currently, it consists of roughly 15% of the world's jute goods consumption. The remaining products are carpet yarn, cordage, felts, padding, twine, ropes, decorative fabrics, and miscellaneous items for industrial use.
Quite recently, jute has entered the non-woven industry as it is one of the most cost effective high tensile vegetable fibre. Therefore, the demand for jute has made its way into the automotive industry. Jute is now being used to manufacture more eco-friendly interiors for cars and automobiles.
Read more about Jute Trade: History
Famous quotes containing the words jute and/or trade:
“O Lord! What wonderful power you have!
We sowed jute and millet sprouted.”
—Punjabi proverb, trans. by Gurinder Singh Mann.
“You know that fiction, prose rather, is possibly the roughest trade of all in writing. You do not have the reference, the old important reference. You have the sheet of blank paper, the pencil, and the obligation to invent truer than things can be true. You have to take what is not palpable and make it completely palpable and also have it seem normal and so that it can become a part of experience of the person who reads it.”
—Ernest Hemingway (1899–1961)