Europe: Hemp Tow Market 2024

Hemp Tow Market Size in Europe

The Europe hemp tow market rose modestly to $X in 2022, increasing by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Hemp Tow Production in Europe

In value terms, hemp tow production soared to $X in 2022 estimated in export price. Overall, production showed a slight descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

France (X tons) remains the largest hemp tow producing country in Europe, accounting for X% of total volume. Moreover, hemp tow production in France exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), sevenfold. The third position in this ranking was taken by Poland (X tons), with a X% share.

In France, hemp tow production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Poland (X% per year).

In 2022, the average hemp tow yield in Europe declined to X tons per ha, reducing by X% on the previous year's figure. Overall, the yield saw a mild slump. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hemp tow were harvested in Europe; approximately reflecting 2021 figures. In general, the harvested area continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to hemp tow production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Hemp Tow Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of hemp tow, when their volume decreased by X% to X tons. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, hemp tow exports dropped markedly to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

The Netherlands dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X tons) and Romania (X tons), together committing a X% share of total exports. Germany (X tons), Russia (X tons), Ukraine (X tons) and Lithuania (X tons) held a little share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Ukraine (X%), Romania (X%), Russia (X%), Lithuania (X%), Belgium (X%) and Germany (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Netherlands, Romania, Russia, Ukraine and Lithuania increased by X, X, X, X and X percentage points, respectively.

In value terms, the Netherlands ($X) remains the largest hemp tow supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced mixed trends in the export price figures.

Hemp Tow Imports

Imports in Europe

In 2022, hemp tow imports in Europe surged to X tons, picking up by X% against 2021 figures. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, hemp tow imports stood at $X in 2022. Overall, imports continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) represented the largest importer of hemp tow, constituting X% of total imports. Germany (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Denmark (X tons), the UK (X tons), Belgium (X tons) and France (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hemp tow importing markets in Europe were Spain ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total imports. The UK, Belgium, France and Denmark lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, showed modest growth. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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