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

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in Italy (CIF) - 2022
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in Italy (FOB) - 2023
3. Imports of Yarn; of Hemp (Cannabis Sativa L.) in Italy
4. Exports of Yarn; of Hemp (Cannabis Sativa L.) in Italy

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

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $11,631 per ton, with an increase of 2.5% against the previous year. Overall, the import price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2018 an increase of 96%. As a result, import price reached the peak level of $12,375 per ton. From 2019 to 2022, the average import prices remained 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 China ($12,226 per ton), while the price for Egypt ($4,359 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In November 2023, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $19,953 per ton, reducing by -39.2% against the previous month. In general, the export price showed a pronounced contraction. The growth pace was the most rapid in October 2023 when the average export price increased by 125% m-o-m. Over the period under review, the average export prices attained the maximum at $45,806 per ton in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was China ($81,273 per ton), while the average price for exports to the Czech Republic ($16,457 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Italy recorded growth in purchases abroad of yarn; of hemp (cannabis sativa l.)s, which increased by 15% to 180 tons in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s skyrocketed to $2.1M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. China (127.3 tons)
2. Tunisia (44.8 tons)
3. Egypt (3.3 tons)

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

After three years of growth, overseas shipments of yarn; of hemp (cannabis sativa l.)s decreased by -27.8% to 48 tons in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, the exports reached the peak of 67 tons, and then declined significantly in the following year.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s fell remarkably to $885K in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. As a result, the exports reached the peak of $1.2M, and then contracted remarkably in the following year.

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

1. Belgium (10.4 tons)
2. Austria (7.8 tons)
3. Japan (6.3 tons)
4. France (3.4 tons)
5. Albania (3.3 tons)
6. Czech Republic (3.0 tons)
7. Spain (2.9 tons)
8. Poland (1.7 tons)
9. Portugal (1.5 tons)
10. Lithuania (1.5 tons)
11. Germany (1.3 tons)
12. Ireland (1.2 tons)
13. United Kingdom (0.8 tons)

Source: IndexBox Market Intelligence Platform