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

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

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $6,956 per ton in 2022, picking up by 55% against the previous year. Overall, the import price enjoyed a notable expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 84%. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.6% per year.

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

For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of yarn; of hemp (cannabis sativa l.)s, which increased by 124% to 73 tons in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 443%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s skyrocketed to $504K in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 471%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.