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

Contents:

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

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

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $14,646 per ton, rising by 5.2% against the previous year. Overall, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 9.7% against the previous year. The import price peaked at $25,688 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($15,927 per ton), while the price for China totaled $14,422 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (-1.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for yarn; of hemp (cannabis sativa l.)s stood at $33,568 per ton in 2022, standing approx. at the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for yarn; of hemp (cannabis sativa l.)s decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 67%. Over the period under review, the average export prices reached the peak figure at $35,648 per ton in 2014; however, from 2015 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 South Korea ($66,915 per ton), while the average price for exports to China ($16,528 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 South Korea (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of yarn; of hemp (cannabis sativa l.)s imported into Japan soared to 53 tons, with an increase of 72% against the year before. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 129%. Over the period under review, imports of hit record highs 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 soared to $783K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 147% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. China (47.1 tons)
2. Tunisia (6.3 tons)

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

In 2022, approx. 1.8 tons of yarn; of hemp (cannabis sativa l.)s were exported from Japan; picking up by 67% against 2021 figures. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 262% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s surged to $60K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 249% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Thailand (810.0 kg)
2. China (352.0 kg)
3. South Korea (329.0 kg)
4. Hong Kong SAR (262.0 kg)
5. Malaysia (41.0 kg)

Source: IndexBox Market Intelligence Platform