Price for Yarn; of Hemp (Cannabis Sativa L.) in Bangladesh - 2022

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in Bangladesh (FOB) - 2022
2. Exports of Yarn; of Hemp (Cannabis Sativa L.) in Bangladesh

Price for Yarn; of Hemp (Cannabis Sativa L.) in Bangladesh (FOB) - 2022

The average export price for yarn; of hemp (cannabis sativa l.)s stood at $10,603 per ton in 2022, with an increase of 28% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 41%. As a result, the export price reached the peak level of $15,672 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($29,667 per ton), while the average price for exports to Austria ($6,676 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Yarn; of Hemp (Cannabis Sativa L.) in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in overseas shipments of yarn; of hemp (cannabis sativa l.)s, which increased by 11% to 229 kg in 2022. The total export volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 12%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s soared to $2.4K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yarn; of Hemp (Cannabis Sativa L.) from Bangladesh in 2022:

1. Austria (145.0 kg)
2. Germany (52.0 kg)
3. Australia (25.0 kg)
4. United States (3.0 kg)
5. Japan (3.0 kg)

Source: IndexBox Market Intelligence Platform