Price for Yarn; of Hemp (Cannabis Sativa L.) in Canada - 2024
Contents:
- Price for Yarn; of Hemp (Cannabis Sativa L.) in Canada (CIF) - 2022
- Price for Yarn; of Hemp (Cannabis Sativa L.) in Canada (FOB) - 2022
- Imports of Yarn; of Hemp (Cannabis Sativa L.) in Canada
- Exports of Yarn; of Hemp (Cannabis Sativa L.) in Canada
Price for Yarn; of Hemp (Cannabis Sativa L.) in Canada (CIF) - 2022
In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $12,465 per ton, with an increase of 40% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +11.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn; of hemp (cannabis sativa l.)s increased by +69.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 107%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Turkey ($17,838 per ton), while the price for the United States ($3,851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn; of Hemp (Cannabis Sativa L.) in Canada (FOB) - 2022
In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $3,913 per ton, declining by -39.9% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $9,190 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($15,551 per ton), while the average price for exports to Israel ($2,296 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 Haiti (+66.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn; of Hemp (Cannabis Sativa L.) in Canada
In 2022, supplies from abroad of yarn; of hemp (cannabis sativa l.)s decreased by -69.1% to 5.9 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of 33 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of yarn; of hemp (cannabis sativa l.)s declined sharply to $74K in 2022. Over the period under review, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 3.9%. As a result, imports attained the peak of $240K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Yarn; of Hemp (Cannabis Sativa L.) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.8 | 123 | 124 | 34.8 | -24.5% |
| Romania | 146 | 103 | 34.6 | 26.6 | -43.3% |
| Taiwan (Chinese) | 0.2 | 0.8 | 1.0 | 2.7 | 138.1% |
| Turkey | 0.1 | 1.9 | 0.4 | 2.1 | 175.9% |
| Italy | 0.9 | 2.8 | 6.6 | 1.7 | 23.6% |
| Belgium | N/A | 0.1 | N/A | 1.3 | 260.6% |
| South Korea | 1.5 | 7.1 | N/A | 1.1 | -9.8% |
| United States | 1.1 | 0.5 | 1.6 | 0.5 | -23.1% |
| Others | 0.5 | N/A | 2.6 | 3.3 | 87.6% |
| Total | 231 | 240 | 171 | 74.1 | -31.5% |
Top Suppliers of Yarn; of Hemp (Cannabis Sativa L.) to Canada in 2022:
- China (3221.0 kg)
- Romania (1744.0 kg)
- Belgium (249.0 kg)
- Taiwan (Chinese) (181.0 kg)
- United States (134.0 kg)
- Turkey (117.0 kg)
- Italy (100.0 kg)
- South Korea (66.0 kg)
Exports of Yarn; of Hemp (Cannabis Sativa L.) in Canada
For the third consecutive year, Canada recorded decline in shipments abroad of yarn; of hemp (cannabis sativa l.)s, which decreased by -35.7% to 1.1 tons in 2022. Over the period under review, exports recorded a sharp setback. The smallest decline of -22.1% was in 2020.
In value terms, exports of yarn; of hemp (cannabis sativa l.)s shrank sharply to $4.5K in 2022. In general, exports recorded a sharp slump. The smallest decline of -27% was in 2020.
| Export of Yarn; of Hemp (Cannabis Sativa L.) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.2 | 27.0 | 8.7 | 2.1 | -62.0% |
| United Arab Emirates | N/A | N/A | 0.4 | 0.5 | 25.0% |
| Israel | 0.1 | 0.5 | N/A | 0.3 | 44.2% |
| Bahamas | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| New Zealand | N/A | N/A | N/A | 0.3 | 0% |
| Trinidad and Tobago | N/A | N/A | N/A | 0.2 | 0% |
| Barbados | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Jamaica | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Australia | 0.8 | N/A | N/A | 0.1 | -50.0% |
| Haiti | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Colombia | 0.6 | 1.1 | 1.5 | N/A | 58.1% |
| Dominican Republic | 0.6 | 0.5 | 0.3 | N/A | -29.3% |
| Others | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Total | 40.9 | 29.9 | 11.5 | 4.5 | -52.1% |
Top Export Markets for Yarn; of Hemp (Cannabis Sativa L.) from Canada in 2022:
- United Arab Emirates (205.0 kg)
- Bahamas (139.0 kg)
- United States (138.0 kg)
- New Zealand (136.0 kg)
- Israel (135.0 kg)
- Trinidad and Tobago (88.0 kg)
- Barbados (73.0 kg)
- Jamaica (54.0 kg)
- Haiti (53.0 kg)
- Australia (27.0 kg)
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