Price for Yarn; of Hemp (Cannabis Sativa L.) in Kenya - 2022

Price for Yarn; of Hemp (Cannabis Sativa L.) in Kenya (CIF) - 2022

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $3,579 per ton in 2022, which is down by -14.8% against the previous year. In general, the import price, however, showed a moderate increase. The pace of growth appeared the most rapid in 2018 an increase of 104% against the previous year. Over the period under review, average import prices reached the maximum at $7,667 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 China ($6,000 per ton), while the price for India totaled $3,294 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).

Imports of Yarn; of Hemp (Cannabis Sativa L.) in Kenya

For the fourth year in a row, Kenya recorded growth in purchases abroad of yarn; of hemp (cannabis sativa l.)s, which increased by 90% to 38 kg in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 233%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s soared to $136 in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 155%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.