Market Access of Bangladesh’s Jute in the Global Market: Present Status and Future Prospects

Abstract

Among the export items of Bangladesh, prior to the advent of garments, jute occupied third important place after fish, shrimp and prawn. The awareness and demand of jute products is increasing in both international and domestic market which creates the opportunity for Bangladesh’s jute again. The study aims to analysis the comparative growth and development of jute production of Bangladesh with other major jute producing countries to avail the opportunities of jute growing demand in the world market. The results indicate that both world jute production and production area has decreased with fluctuating trend over the period. The total production of jute and yield of Bangladesh has increased with fluctuating trend, whereas the cultivation area of jute has decreased slightly with fluctuating trend over the period. At the end, the paper made number of recommendations for the growth and development of jute production of Bangladesh.

Keywords: Area, Bangladesh, Jute, Production, Yield, Growth.