Turkey: Hemp Tow Market 2024

Hemp Tow Market Size in Turkey

In 2022, the Turkish hemp tow market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank dramatically in the following year.

Hemp Tow Production in Turkey

In value terms, hemp tow production shrank notably to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average hemp tow yield in Turkey skyrocketed to X tons per ha, jumping by X% against 2021. Over the period under review, the yield, however, faced a abrupt decline. 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, the harvested area of hemp tow in Turkey amounted to X ha, leveling off at 2021. Over the period under review, the harvested area recorded a strong increase. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. The hemp tow harvested area peaked in 2022 and is likely to see gradual growth in years to come.

Hemp Tow Exports

Exports from Turkey

For the third year in a row, Turkey recorded growth in overseas shipments of hemp tow, which increased by X% to X tons in 2022. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, hemp tow exports dropped markedly to $X in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

China (X tons) was the main destination for hemp tow exports from Turkey, with a X% share of total exports. It was followed by Belgium (X kg), with a X% share of total exports. The third position in this ranking was taken by Egypt (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Egypt (X% per year).

In value terms, China ($X) emerged as the key foreign market for hemp tow exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($X 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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into Turkey

In 2022, after five years of growth, there was significant decline in supplies from abroad of hemp tow, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, hemp tow imports contracted notably to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of hemp tow to Turkey, accounting for a X% share of total imports. Moreover, hemp tow imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%.

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

From 2012 to 2022, the average annual growth rate of value from France stood at X%.

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France amounted to $X per ton.

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

Source: IndexBox Platform

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