United Arab Emirates: Hemp Tow Market 2024

Hemp Tow Market Size in the United Arab Emirates

The hemp tow market in the United Arab Emirates soared to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a tangible increase. Hemp tow consumption peaked in 2022 and is likely to see steady growth in years to come.

Hemp Tow Production in the United Arab Emirates

In value terms, hemp tow production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of hemp tow in the United Arab Emirates totaled less than X kg per ha in 2022, remaining constant against 2021. In general, the yield recorded a relatively flat trend pattern. 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 the United Arab Emirates was estimated at less than X ha, approximately mirroring the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

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Hemp Tow Exports

Exports from the United Arab Emirates

In 2022, approx. X kg of hemp tow were exported from the United Arab Emirates; dropping by X% against 2021. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hemp tow exports fell sharply to $X in 2022. Overall, exports faced a significant contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg), Oman (X kg) and Niger (X kg) were the main destinations of hemp tow exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for hemp tow exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Niger (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 continues to indicate a temperate expansion. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Niger ($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 Zambia (X.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into the United Arab Emirates

After three years of growth, overseas purchases of hemp tow decreased by X% to X kg in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hemp tow imports dropped rapidly to $X in 2022. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest hemp tow supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, hemp tow imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Nepal (X kg), twofold.

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

In value terms, the Netherlands ($X) constituted the largest supplier of hemp tow to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, surging by X% against the previous year. In general, the import price posted a tangible expansion. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Nepal stood at $X per ton.

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

Source: IndexBox Platform

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