France: Hemp Tow Market 2024

Hemp Tow Market Size in France

In 2022, the French hemp tow market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Hemp Tow Production in France

In value terms, hemp tow production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a mild slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Hemp tow production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of hemp tow in France shrank to X tons per ha in 2022, which is down by X% on the previous year's figure. Over the period under review, the yield recorded a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the average hemp tow yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. 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 France; shrinking by X% compared with the previous year's figure. Over the period under review, the total harvested area indicated a perceptible expansion from 2012 to 2022: its figure 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, hemp tow harvested area increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The hemp tow harvested area peaked at X ha in 2021, and then reduced in the following year.

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Hemp Tow Exports

Exports from France

Hemp tow exports from France contracted notably to X tons in 2022, dropping by X% compared with 2021 figures. Overall, exports continue to indicate a significant decline. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, hemp tow exports contracted significantly to $X in 2022. In general, exports recorded a sharp setback. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for hemp tow exports from France, with a X% share of total exports. Moreover, hemp tow exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a X% share.

From 2021 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for hemp tow exports from France, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2021 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into France

In 2022, purchases abroad of hemp tow increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hemp tow imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of hemp tow to France, accounting for a X% share of total imports. Moreover, hemp tow imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

In value terms, Spain ($X) constituted the largest supplier of hemp tow to France, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price 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. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

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 Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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