China - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHemp Tow Price in China - 2023
Contents:
- Hemp Tow Price in China (FOB) - 2022
- Hemp Tow Price in China (CIF) - 2023
- Hemp Tow Exports in China
- Hemp Tow Imports in China
Hemp Tow Price in China (FOB) - 2022
In 2022, the average hemp tow export price amounted to $8,363 per ton, surging by 6.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 41%. Over the period under review, the average export prices hit record highs at $14,715 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($19,550 per ton), while the average price for exports to India ($6,727 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 the United Arab Emirates (+293.1%), while the prices for the other major destinations experienced more modest paces of growth.
Hemp Tow Price in China (CIF) - 2023
The average hemp tow import price stood at $841 per ton in June 2023, which is down by -13.4% against the previous month. In general, import price indicated slight growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, hemp tow import price increased by +8.4% against April 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 75% month-to-month. Over the period under review, average import prices hit record highs at $1,300 per ton in October 2022; however, from November 2022 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for France.
From June 2022 to June 2023, the rate of growth in terms of prices for France amounted to +1.4% per month.
Hemp Tow Exports in China
After three years of growth, shipments abroad of hemp tow decreased by -46.5% to 276 tons in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 548%.
In value terms, hemp tow exports declined rapidly to $2.3M in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 227%.
| Export of Hemp Tow in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 22.5 | 729 | 2,575 | 1,042 | 259.1% |
| Japan | 314 | 426 | 389 | 389 | 7.4% |
| Tunisia | N/A | N/A | N/A | 314 | 0% |
| Lithuania | N/A | N/A | 44.9 | 194 | 332.1% |
| Italy | 14.0 | N/A | 31.9 | 117 | 102.9% |
| Germany | 26.1 | 139 | 56.0 | 89.4 | 50.7% |
| India | 19.4 | 37.1 | 96.1 | 34.6 | 21.3% |
| Peru | 22.0 | 39.8 | 638 | 9.1 | -25.5% |
| Others | 25.9 | 81.0 | 232 | 119 | 66.2% |
| Total | 444 | 1,451 | 4,064 | 2,308 | 73.2% |
Top Export Markets for Hemp Tow from China in 2022:
- Pakistan (145.8 tons)
- Japan (39.9 tons)
- Tunisia (38.2 tons)
- Lithuania (16.4 tons)
- Italy (14.3 tons)
- Germany (5.9 tons)
- India (5.1 tons)
- Peru (0.6 tons)
Hemp Tow Imports in China
For the fourth consecutive year, China recorded growth in supplies from abroad of hemp tow, which increased by 56% to 2.7K tons in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 104% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, hemp tow imports surged to $2.1M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 151%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Hemp Tow in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 221 | 396 | 1,175 | 1,756 | 99.5% |
| Russia | N/A | N/A | 54.4 | 298 | 447.8% |
| Netherlands | 77.8 | 82.7 | 45.5 | N/A | -23.5% |
| Others | 81.7 | 48.5 | 45.9 | 34.9 | -24.7% |
| Total | 381 | 527 | 1,321 | 2,089 | 76.3% |
Top Suppliers of Hemp Tow to China in 2022:
- France (2377.0 tons)
- Russia (281.7 tons)
This report provides an in-depth analysis of the hemp tow market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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This report provides an in-depth analysis of the hemp tow market in China.
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This report provides an in-depth analysis of the global hemp tow market.
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This report provides an in-depth analysis of the hemp tow market in China.
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This report provides an in-depth analysis of the global hemp tow market.
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The UK (+73.5% per year) recorded the highest rates of growth with regard to the value of imports
1388
Global primary fiber crops consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
2842
Global primary fiber crops exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
1733
Global primary fiber crops imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3193
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.
2780
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
782
The UK (+73.5% per year) recorded the highest rates of growth with regard to the value of imports
