Price for Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria - 2023

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria (CIF) - 2022
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria (FOB) - 2022
3. Imports of Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria
4. Exports of Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria

Price for Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria (CIF) - 2022

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $9,457 per ton, which is down by -2.8% against the previous year. In general, the import price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 87%. As a result, import price attained the peak level of $11,948 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11,753 per ton), while the price for Turkey ($1,514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria (FOB) - 2022

In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $5,951 per ton, with an increase of 24% against the previous year. Overall, the export price posted a measured increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56%. Over the period under review, the average export prices attained the maximum at $40,550 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for North Macedonia.

From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to +6.4% per year.

Imports of Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria

In 2022, purchases abroad of yarn; of hemp (cannabis sativa l.)s was finally on the rise to reach 11 tons after two years of decline. In general, imports saw notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s soared to $101K in 2022. Over the period under review, imports, however, saw a pronounced reduction.

Top Suppliers of Yarn; of Hemp (Cannabis Sativa L.) to Bulgaria in 2022:

1. China (7.1 tons)
2. Romania (1.8 tons)
3. Greece (1.3 tons)
4. Turkey (0.4 tons)

Exports of Yarn; of Hemp (Cannabis Sativa L.) in Bulgaria

In 2022, exports of yarn; of hemp (cannabis sativa l.)s from Bulgaria fell to 350 kg, shrinking by -12.5% against the previous year. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 627% against the previous year. As a result, the exports attained the peak of 400 kg, and then shrank in the following year.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s rose sharply to $2.1K in 2022. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 465% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Yarn; of Hemp (Cannabis Sativa L.) from Bulgaria in 2022:

1. North Macedonia (350.0 kg)

Source: IndexBox Market Intelligence Platform