CURRENT SCENARIO OF JUTE SECTOR IN BANGLADESH: DOMESTIC AND WORLD PERSPECTIVE

The aim of the study was to find out the present scenario of Bangladesh’s jute sector in domestic and world perspective mainly based on the secondary sources. The study found that private sector plays a dominant role in trading of raw jute and also in jute products manufacturing and marketing over the last two decades in Bangladesh. The country accounts for 35% of the total world production and about 90% and 60% of the total world exports of raw jute and jute products, respectively. About 62% of the total raw jute is produced in Faridpur, Jessore and Kushtia regions of Bangladesh. During the last decade, quantity exported and real export prices of raw jute and jute goods increased substantially over the previous decade. Yarn/twine occupied the topmost position among the traditional jute products, which is about 69% of the total export. Bangladesh Jute Spinners Association (BJSA) has found the pioneer exporters of jute goods in which about 64% of the total jute goods were exported by them. Raw jute and jute goods export earnings in real term increased significantly in 2010-11 compared to the last decade. In 2010-11, the share of Bangladesh in raw jute and jute goods production has increased significantly around 42% and 31%, respectively of the world production.