MENA: Hemp Tow Market 2024

Hemp Tow Market Size in MENA

The MENA's hemp tow market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a strong expansion. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Hemp Tow Production in MENA

In value terms, hemp tow production reached $X in 2022 estimated in export price. The total production indicated prominent 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Iran (X tons) constituted the country with the largest volume of hemp tow production, accounting for X% of total volume. Moreover, hemp tow production in Iran exceeded the figures recorded by the second-largest producer, Egypt (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total production with a X% share.

In Iran, hemp tow production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

The average hemp tow yield reached X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. In general, the yield, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. Over the period under review, the hemp tow yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hemp tow harvested area was estimated at X ha in 2022, approximately mirroring 2021 figures. Over the period under review, the harvested area posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of harvested area peaked in 2022 and is expected to retain growth in the near future.

Hemp Tow Exports

Exports in MENA

In 2022, overseas shipments of hemp tow decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hemp tow exports soared to $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt represented the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Turkey (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hemp tow exports from Egypt stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Egypt and Turkey increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) emerged as the largest hemp tow supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Egypt amounted to X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed buoyant growth. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Turkey amounted to $X per ton.

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

Hemp Tow Imports

Imports in MENA

In 2022, after three years of growth, there was significant decline in overseas purchases of hemp tow, when their volume decreased by X% to X tons. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, hemp tow imports declined rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

Turkey represented the largest importer of hemp tow in MENA, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%). Qatar (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the hemp tow imports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, Qatar (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Israel (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Tunisia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported hemp tow in MENA, comprising X% of total imports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, hemp tow imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded pronounced growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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