Canada - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHemp Tow Price in Canada - 2023
Contents:
- Hemp Tow Price in Canada (CIF) - 2022
- Hemp Tow Price in Canada (FOB) - 2023
- Hemp Tow Imports in Canada
- Hemp Tow Exports in Canada
Hemp Tow Price in Canada (CIF) - 2022
In 2022, the average hemp tow import price amounted to $5,311 per ton, with an increase of 130% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of 245% against the previous year. As a result, import price attained the peak level of $5,325 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,856 per ton), while the price for the Netherlands ($580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Hemp Tow Price in Canada (FOB) - 2023
The average hemp tow export price stood at $995 per ton in June 2023, waning by -48.2% against the previous month. Overall, the export price recorded a deep contraction. The growth pace was the most rapid in May 2023 when the average export price increased by 99% month-to-month. The export price peaked at $2,630 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($1,493 per ton), while the average price for exports to Cyprus ($941 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.
Hemp Tow Imports in Canada
After three years of growth, overseas purchases of hemp tow decreased by -76.7% to 65 tons in 2022. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of 241% against the previous year.
In value terms, hemp tow imports contracted dramatically to $347K in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,074% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Hemp Tow in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 83.3 | 163 | 253 | 241 | 42.5% |
| United States | 5.5 | 1,044 | 182 | 56.6 | 117.5% |
| China | 3.7 | 4.7 | 160 | 38.4 | 118.1% |
| Bolivia | N/A | N/A | N/A | 4.1 | 0% |
| United Kingdom | N/A | N/A | 0.1 | 3.4 | 3300.0% |
| Netherlands | 5.3 | 5.9 | 6.1 | 2.1 | -26.6% |
| Hungary | 5.7 | 17.9 | N/A | N/A | 214.0% |
| Lithuania | 1.4 | N/A | 42.6 | N/A | 451.6% |
| Others | 1.5 | 12.6 | 1.9 | 1.1 | -9.8% |
| Total | 106 | 1,248 | 646 | 347 | 48.5% |
Top Suppliers of Hemp Tow to Canada in 2022:
- France (39.5 tons)
- United States (11.8 tons)
- China (5.6 tons)
- Netherlands (3.6 tons)
- United Kingdom (3.6 tons)
- Bolivia (1.1 tons)
Hemp Tow Exports in Canada
In 2022, the amount of hemp tow exported from Canada skyrocketed to 573 tons, rising by 95% compared with the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 107%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, hemp tow exports soared to $774K in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 125%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Hemp Tow in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 91.9 | 138 | 228 | 461 | 71.2% |
| Portugal | 49.3 | 47.0 | N/A | 303 | 83.2% |
| South Korea | N/A | N/A | 194 | N/A | 0% |
| Others | 3.2 | 4.6 | 3.8 | 11.0 | 50.9% |
| Total | 144 | 189 | 426 | 774 | 75.2% |
Top Export Markets for Hemp Tow from Canada in 2022:
- Portugal (315.1 tons)
- United States (250.7 tons)
This report provides an in-depth analysis of the hemp tow market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 777 - Hemp fibre and tow
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
536
This report provides an in-depth analysis of the hemp tow market in Canada.
692
This report provides an in-depth analysis of the global hemp tow market.
536
This report provides an in-depth analysis of the hemp tow market in Canada.
692
This report provides an in-depth analysis of the global hemp tow market.
787
The UK (+73.5% per year) recorded the highest rates of growth with regard to the value of imports
1397
Global primary fiber crops consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
2849
Global primary fiber crops exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
1742
Global primary fiber crops imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3202
In 2015, the countries with the highest levels of fiber crops production were Brazil (X thousand tons), Vietnam (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
2790
India dominates in the global fiber crop trade. In 2014, India exported X thousand tons of fiber crops totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total fiber crop exports
787
The UK (+73.5% per year) recorded the highest rates of growth with regard to the value of imports
