Price for Yarn; of Hemp (Cannabis Sativa L.) in the UK - 2023

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in the UK (CIF) - 2022
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in the UK (FOB) - 2022
3. Imports of Yarn; of Hemp (Cannabis Sativa L.) in the UK
4. Exports of Yarn; of Hemp (Cannabis Sativa L.) in the UK

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

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $26,102 per ton in 2022, rising by 159% against the previous year. Over the period under review, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($80,754 per ton), while the price for Egypt ($9,667 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn; of Hemp (Cannabis Sativa L.) in the UK (FOB) - 2022

In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $265 per ton, reducing by -97.6% against the previous year. Overall, the export price faced a sharp curtailment. The pace of growth was the most pronounced in 2015 an increase of 106% against the previous year. Over the period under review, the average export prices attained the maximum at $51,693 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +50.7% per year.

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

In 2022, purchases abroad of yarn; of hemp (cannabis sativa l.)s decreased by -4.3% to 3.1 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 162% against the previous year. As a result, imports reached the peak of 8 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s skyrocketed to $81K in 2022. Overall, imports, however, recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Yarn; of Hemp (Cannabis Sativa L.) to the UK in 2022:

1. China (1133.0 kg)
2. Germany (1077.0 kg)
3. Egypt (291.0 kg)
4. India (268.0 kg)
5. Romania (204.0 kg)
6. Italy (136.0 kg)

Exports of Yarn; of Hemp (Cannabis Sativa L.) in the UK

Exports of yarn; of hemp (cannabis sativa l.)s from the UK soared to 7.2 tons in 2022, increasing by 1,741% on 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s shrank rapidly to $1.9K in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,707% against the previous year.

Top Export Markets for Yarn; of Hemp (Cannabis Sativa L.) from the UK in 2022:

1. Italy (7.2 tons)

Source: IndexBox Market Intelligence Platform