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

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

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Hemp Tow Price in Romania - 2023

Contents:

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

Hemp Tow Price in Romania (FOB) - 2022

The average hemp tow export price stood at $685 per ton in 2022, reducing by -5.2% against the previous year. In general, the export price recorded a dramatic decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 83% against the previous year. As a result, the export price attained the peak level of $16,877 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($667 per ton), while the average price for exports to Slovenia ($355 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 Finland (+62.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Price in Romania (CIF) - 2022

In 2022, the average hemp tow import price amounted to $929 per ton, shrinking by -17.4% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 97% against the previous year. The import price peaked at $5,346 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($4,140 per ton), while the price for Germany ($338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Hemp Tow Exports in Romania

In 2022, overseas shipments of hemp tow decreased by -54.6% to 979 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 58%.

In value terms, hemp tow exports reduced remarkably to $670K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 162% against the previous year. As a result, the exports reached the peak of $2.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Hemp Tow in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2731,6567213185.2%
Netherlands313141116169-18.6%
Hungary24.013.9N/A15.4-13.7%
Austria11.314.218.213.45.8%
SpainN/A25730811.1-79.2%
Italy21.81121539.9-23.1%
DenmarkN/A0.51.95.6234.7%
Slovenia10.090.335.55.4-18.6%
Belarus65.653.6N/AN/A-18.3%
Others297325202123-25.5%
Total1,0162,6641,557670-13.0%

Top Export Markets for Hemp Tow from Romania in 2022:

  1. Germany (550.5 tons)
  2. Netherlands (253.6 tons)
  3. Hungary (37.7 tons)
  4. Austria (30.3 tons)
  5. Spain (21.8 tons)
  6. Italy (20.2 tons)
  7. Denmark (15.5 tons)
  8. Slovenia (15.1 tons)

Hemp Tow Imports in Romania

In 2022, imports of hemp tow into Romania rose notably to 162 tons, increasing by 15% compared with the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 312% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hemp tow imports reduced to $151K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 46% against the previous year.

Import of Hemp Tow in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy81.782.885.680.6-0.5%
GermanyN/A31.238.847.022.7%
Poland0.31.63.09.2213.0%
RussiaN/AN/A16.9N/A0%
Others10.018.514.714.011.9%
Total92.113415915117.9%

Top Suppliers of Hemp Tow to Romania in 2022:

  1. Germany (139.0 tons)
  2. Italy (19.5 tons)
  3. Poland (2.9 tons)

Source: IndexBox Market Intelligence Platform

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

  • Romania

Data coverage:

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