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.

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Hemp Tow - World's Largest Markets

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

Hemp Tow - Top Importers

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

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)

Source: IndexBox Market Intelligence Platform