Price for Yarn; of Hemp (Cannabis Sativa L.) in Hong Kong SAR - 2023

Contents:

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

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

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $56,830 per ton in 2022, falling by -11.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 71%. Over the period under review, average import prices reached the peak figure at $68,022 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($69,899 per ton), while the price for Italy amounted to $47,293 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+33.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for yarn; of hemp (cannabis sativa l.)s stood at $47,172 per ton in 2022, increasing by 7% against the previous year. In general, the export price posted measured growth. The pace of growth appeared the most rapid in 2021 an increase of 106% against the previous year. The export price peaked at $70,042 per ton in 2019; however, from 2020 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 China ($49,889 per ton), while the average price for exports to Madagascar stood at $18,273 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.3%).

Imports of Yarn; of Hemp (Cannabis Sativa L.) in Hong Kong SAR

In 2022, supplies from abroad of yarn; of hemp (cannabis sativa l.)s was finally on the rise to reach 749 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s skyrocketed to $43K in 2022. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (433.0 kg)
2. Japan (316.0 kg)

Exports of Yarn; of Hemp (Cannabis Sativa L.) in Hong Kong SAR

In 2022, shipments abroad of yarn; of hemp (cannabis sativa l.)s was finally on the rise to reach 128 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp descent.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s surged to $6K in 2022. Over the period under review, exports, however, continue to indicate a dramatic contraction.

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

1. China (117.0 kg)
2. Madagascar (11.0 kg)

Source: IndexBox Market Intelligence Platform