Jute Diversified Product
Jute Diversified Product
Jute Diversified Product
IFFAT ARA AHMED NIKITA MASHIAT S.M. ABU RAYHAN FATEMA BINTE MANSUR
O VERVIEW:
Introduction Major jute producing countries Portfolio of Bangladesh Bangladesh major jute producing Associations Average Production and Sales Trend Major Importers of jute products Market survey for jute diversified products Entry mode decision of Foreign Companies Bangladesh involving in different Economic Integration Declining trend and drawbacks Policy implication Recommendation and Conclusion
I NTRODUCTION
JUTE A NATURAL FIBRE
D IVERSIFIED P RODUCTS
Jute Yarn Jute Hessian
Jute bag
Jute Geotextile
Vietnam World
11000 3225551
Source: Food And Agricultural Organization of United Nations: Economic And Social Department: The Statistical Division
P RODUCING C OUNTRIES
IN THOUSAND TONES
4500
4000
3500
3000
2500
2004-05
2005-06
2000
1500
2006-07
1000
500
0
India Bangladesh Myanmar Nepal
P ORTFOLIO OF B ANGLADESH
Bangladesh is the Home of Jute and World's Largest Producer. The best quality jute is found at the most competitive prices from Bangladesh.
BJMC (Bangladesh Jute Mills Corporation) BJMA (Bangladesh Jute Mills Association) BJSA (Bangladesh Jute Spinner Association)
AVERAGE P RODUCTION
S ALES T REND :
Germany Saudi Arabia UK Belgium Egypt Turkey Syria Ghana USA UAE
MTs
B ARRIERS :
P OLICY I MPLICATIONS
First, there is no reason to close any jute mill based on the argument that Bangladeshs jute sector had no prospect. Second, a rationalization of the size of jute mills, especially for those in the public sector, is urgently required. Third, rationalization of size of the workforce in BJMC mills is urgently required.
Explore possibility of re-capturing some part of the secondary carpet backing market in USA .
R ECOMMENDATION
C ONCLUSION
More surveys like CPDs recent study on jute sector would help to identify strengths and weaknesses. Such surveys would help us arrest the decline of jute industry in Bangladesh and once again to take steps to bolster the industry. International organizations like IJO if made stronger would help to make jute more popular across the globe.