Bangladesh is the second largest
producer of jute in the world with an estimated annual production of 1.6
million tons in 2019
(FAO). There are about 220-245 private jute mills currently operating in
Bangladesh. Out of these, 25 public jute mills are currently in the process
of being leased to the private sector. In addition, there are about 700
diversified jute producers who employ between 50,000 to 100,000 people in
Average domestic consumption of raw jute amounts to 1.16 million tons per year (BJSA). In addition, Bangladesh is also the top exporter of jute and jute-based products in the world with average exports of around USD 1 billion per annum.