Africa: Hemp Tow Market 2024

Hemp Tow Market Size in Africa

The African hemp tow market soared to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Hemp Tow Production in Africa

In value terms, hemp tow production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Tanzania (X tons) constituted the country with the largest volume of hemp tow production, accounting for X% of total volume. Moreover, hemp tow production in Tanzania exceeded the figures recorded by the second-largest producer, Mauritius (X tons), threefold. Lesotho (X tons) ranked third in terms of total production with a X% share.

In Tanzania, hemp tow production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mauritius (X% per year) and Lesotho (X% per year).

Hemp Tow Exports

Exports in Africa

In 2022, shipments abroad of hemp tow decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. Over the period under review, exports showed a pronounced decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hemp tow exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Mauritius was the main exporter of hemp tow in Africa, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Lesotho (X tons), Zimbabwe (X tons) and Egypt (X tons), together committing a X% share of total exports. South Africa (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hemp tow exports from Mauritius stood at X%. At the same time, Zimbabwe (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Lesotho (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lesotho, Zimbabwe, Egypt and South Africa increased by X, X, X and X percentage points, respectively.

In value terms, the largest hemp tow supplying countries in Africa were South Africa ($X), Lesotho ($X) and Zimbabwe ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Zimbabwe, with a CAGR of X.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced more modest paces of growth.

Hemp Tow Imports

Imports in Africa

In 2022, supplies from abroad of hemp tow was finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hemp tow imports skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) and Tunisia (X tons) were the main importers of hemp tow in Africa, together accounting for approx. X% of total imports. It was distantly followed by Zambia (X tons) and Burkina Faso (X tons), together constituting a X% share of total imports. Niger (X tons), Egypt (X tons), Morocco (X tons), Tanzania (X tons), Lesotho (X tons), Cameroon (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) constitutes the largest market for imported hemp tow in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with an X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tunisia amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a slight increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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