Ukraine: Hemp Tow Market 2024

Hemp Tow Market Size in Ukraine

In 2022, the Ukrainian hemp tow market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption showed a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hemp Tow Production in Ukraine

In value terms, hemp tow production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Hemp tow production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of hemp tow in Ukraine amounted to X kg per ha, remaining constant against 2021 figures. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. As a result, the yield attained the peak level of X kg per ha. From 2016 to 2022, the growth of the average hemp tow 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, the total area harvested in terms of hemp tow production in Ukraine declined to X ha, almost unchanged from the year before. In general, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The hemp tow harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Hemp Tow Exports

Exports from Ukraine

In 2022, overseas shipments of hemp tow increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, hemp tow exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hemp tow exports from Ukraine, accounting for a X% share of total exports. Moreover, hemp tow exports to Germany exceeded the volume sent to the second major destination, Lithuania (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Poland (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Poland (X% per year).

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, faced a dramatic setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Hemp Tow Imports

Imports into Ukraine

After two years of growth, overseas purchases of hemp tow decreased by X% to X tons in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, hemp tow imports shrank notably to $X in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Russia (X tons) was the main supplier of hemp tow to Ukraine, accounting for a X% share of total imports. It was followed by Egypt (X kg), with a X% share of total imports.

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

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

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

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Egypt ($X per ton), while the price for Russia amounted to $X per ton.

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

Source: IndexBox Platform

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