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

Contents:

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

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

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $9,297 per ton in 2022, surging by 17% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 +53.0% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 26%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($149,188 per ton), while the price for India stood at $5,432 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.5%).

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

The average export price for yarn; of hemp (cannabis sativa l.)s stood at $7,605 per ton in 2022, jumping by 18% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 46% against the previous year. As a result, the export price attained the peak level of $18,631 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($25,015 per ton), while the average price for exports to France ($2,500 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 Canada (+18.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 595 kg of yarn; of hemp (cannabis sativa l.)s were imported into Nepal; waning by -27.4% against 2021 figures. Over the period under review, imports showed a significant contraction. The smallest decline of -17.8% was in 2020.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s declined rapidly to $5.5K in 2022. In general, imports continue to indicate a precipitous decline.

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

1. India (579.0 kg)
2. China (16.0 kg)

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

For the fourth consecutive year, Nepal recorded growth in shipments abroad of yarn; of hemp (cannabis sativa l.)s, which increased by 27% to 499 kg in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.6% 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 +89.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s soared to $3.8K in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (285.0 kg)
2. Japan (68.0 kg)
3. Russia (61.0 kg)
4. Taiwan (Chinese) (50.0 kg)
5. Netherlands (16.0 kg)
6. France (10.0 kg)
7. Canada (7.0 kg)

Source: IndexBox Market Intelligence Platform