Nepal - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Nepal - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights

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Hemp Tow Price in Nepal - 2022

Contents:

  1. Hemp Tow Price in Nepal (FOB) - 2022
  2. Hemp Tow Price in Nepal (CIF) - 2022
  3. Hemp Tow Exports in Nepal
  4. Hemp Tow Imports in Nepal

Hemp Tow Price in Nepal (FOB) - 2022

The average hemp tow export price stood at $7,680 per ton in 2022, waning by -6.4% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 114%. As a result, the export price attained the peak level of $10,637 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($35,300 per ton), while the average price for exports to Germany ($1,511 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 Chile (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Price in Nepal (CIF) - 2022

In 2022, the average hemp tow import price amounted to $1,889 per ton, with an increase of 13% against the previous year. In general, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 24% against the previous year. The import price peaked at $4,064 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,938 per ton), while the price for China totaled $1,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.6%).

Hemp Tow Exports in Nepal

In 2022, approx. 1.7 tons of hemp tow were exported from Nepal; dropping by -76.5% compared with 2021 figures. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year.

In value terms, hemp tow exports dropped rapidly to $13K in 2022. In general, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 27%. As a result, the exports attained the peak of $59K, and then reduced notably in the following year.

Export of Hemp Tow in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile2.80.93.37.941.3%
Poland3.01.00.51.4-22.4%
Germany4.42.11.31.3-33.4%
United States11.911.421.21.1-54.8%
New Zealand1.43.35.80.9-13.7%
Spain0.22.51.70.314.5%
Japan2.10.76.6N/A77.3%
Netherlands1.82.20.1N/A-76.4%
United Kingdom5.91.13.5N/A-23.0%
Taiwan (Chinese)1.00.40.1N/A-68.4%
Italy8.13.00.6N/A-72.8%
Australia3.4N/A0.7N/A-54.6%
Israel2.41.51.5N/A-20.9%
Others6.716.412.20.1-75.4%
Total55.046.559.113.0-38.2%

Top Export Markets for Hemp Tow from Nepal in 2022:

  1. Germany (830.0 kg)
  2. United States (354.0 kg)
  3. Chile (290.0 kg)
  4. New Zealand (95.0 kg)
  5. Spain (57.0 kg)
  6. Poland (40.0 kg)
  7. Australia (4.0 kg)

Hemp Tow Imports in Nepal

After two years of decline, overseas purchases of hemp tow increased by 200% to 18 kg in 2022. In general, imports, however, recorded a dramatic decline.

In value terms, hemp tow imports soared to $34 in 2022. Over the period under review, imports, however, continue to indicate a significant curtailment.

Import of Hemp Tow in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
India55.044.08.031.0-17.4%
China55.015.02.03.0-62.1%
United States1.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total11159.010.034.0-32.6%

Top Suppliers of Hemp Tow to Nepal in 2022:

  1. India (16.0 kg)
  2. China (2.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hemp tow market in Nepal. 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:

  • Nepal

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Nepal
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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