Hemp Tow Market
Hemp tow market: get the most recent facts and figures secured by an Ai-driven BI platform. Data cover market size, market prices, production, trade, imports, companies, consumption, and exports. Here is a breakdown by region, including the U.K., the U.S., the Middle East, EU, China, Russia, Latin America, and Africa. Market trends and forecast to 2030 are also provided in the reports.
Need Hemp Tow Market data? GET FREE ACCESS
Hemp Tow - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | France |
| 3 | Austria |
| 4 | Democratic People's Republic of Korea |
| 5 | Poland |
In value terms, China led the market, alone. The second position in the ranking was occupied by France. It was followed by Austria.
From 2018 to 2020, the average annual rate of growth in terms of value in China stood at -2.0%. In the other countries, the average annual rates were as follows: France (+23.8% per year) and Austria (-5.2% per year).
Hemp Tow Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Lithuania | 8912 | 7050 | 805 | -69.9% |
| Belgium | 900 | 883 | 1059 | 8.5% |
| Netherlands | 910 | 715 | 1200 | 14.8% |
| Germany | 1433 | 1244 | 1370 | -2.2% |
| Romania | 2419 | 2931 | 1967 | -9.8% |
| Italy | 3780 | 5989 | 4348 | 7.3% |
| United States | 3842 | 2173 | 8026 | 44.5% |
| Average | 832 | 868 | 2627 | 77.7% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($8,026 per ton), while Lithuania ($805 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Switzerland | 1192 | 2375 | 6949 | 141.4% |
| Belgium | 2120 | 1781 | 1660 | -11.5% |
| Netherlands | 2310 | 3276 | 1131 | -30.0% |
| Germany | 1051 | 761 | 698 | -18.5% |
| Australia | 1657 | 3139 | 695 | -35.2% |
| China | 1938 | 737 | 674 | -41.0% |
| Sweden | 2072 | 2396 | 610 | -45.7% |
| Spain | 381 | 308 | 506 | 15.2% |
| United States | 1104 | 923 | 462 | -35.3% |
| Average | 1310 | 1159 | 1242 | -2.6% |
Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($6,949 per ton), while the United States ($462 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Switzerland (+141.4% per year), while the other global leaders experienced mixed trends in the import price figures.
Hemp Tow - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Spain | 1.8 | 1.7 | 6.2 | 84.7% |
| Switzerland | 0.2 | 0.5 | 4.9 | 371.7% |
| Germany | 4 | 3.6 | 2.9 | -14.0% |
| Netherlands | 0.06 | 0.04 | 1.5 | 389.1% |
| United States | 0.5 | 0.8 | 0.9 | 31.5% |
In value terms, Spain ($6.2M), Switzerland ($4.9M) and Germany ($2.9M) were the countries with the highest levels of imports in 2020, together comprising 43% of global imports. These countries were followed by the Netherlands, the United States, Belgium, China, Sweden and Australia, which together accounted for a further 14%.
Among the main importing countries, Sweden (+428.3% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Hemp Tow - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Netherlands | 3.9 | 2.4 | 13 | 86.0% |
| United States | 1.1 | 0.4 | 5.9 | 134.3% |
| Italy | 0.1 | 0.5 | 3.7 | 483.1% |
| Romania | 0.4 | 0.8 | 2.6 | 160.3% |
| Lithuania | 0.5 | 2.2 | 1.1 | 39.2% |
In value terms, the Netherlands ($13M) remains the largest hemp tow supplier worldwide, comprising 27% of global exports. The second position in the ranking was occupied by the United States ($5.9M), with a 12% share of global exports. It was followed by Italy, with a 7.5% share.
From 2018 to 2020, the average annual rate of growth in terms of value in the Netherlands stood at +86.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+134.3% per year) and Italy (+483.1% per year).
Hemp Tow - Market Forecast
Driven by increasing demand for hemp tow worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Hemp Tow - Product Coverage
- HS 530210 - Hemp (cannabis sativa L.); raw or retted, but not spun
- HS 530290 - Hemp (cannabis sativa L.); processed (other than retted) (but not spun), true hemp tow and waste (including yarn waste and garnetted stock)
This report provides an in-depth analysis of the global hemp tow market.
This report provides an in-depth analysis of the hemp tow market in Africa.
This report provides an in-depth analysis of the hemp tow market in Eastern Asia.
This report provides an in-depth analysis of the hemp tow market in Northern America.
This report provides an in-depth analysis of the hemp tow market in Latin America and the Caribbean.
This report provides an in-depth analysis of the hemp tow market in South-Eastern Asia.
This report provides an in-depth analysis of the hemp tow market in Southern Asia.
This report provides an in-depth analysis of the hemp tow market in Australia and Oceania.
This report provides an in-depth analysis of the hemp tow market in Central Asia.
This report provides an in-depth analysis of the hemp tow market in the Middle East.
Nothing found. Please try again.
