Serbia: Hemp Tow Market 2024

Hemp Tow Market Size in Serbia

The Serbian hemp tow market rose modestly to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a perceptible setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Hemp Tow Production in Serbia

In value terms, hemp tow production rose to $X in 2022 estimated in export price. In general, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. 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 Serbia totaled less than X kg per ha, almost unchanged from 2021. Overall, the yield showed 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.

The hemp tow harvested area in Serbia totaled less than X ha in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern.

Hemp Tow Exports

Exports from Serbia

In 2022, overseas shipments of hemp tow decreased by X% to X kg, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hemp tow exports shrank notably to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X kg), Montenegro (X kg) and Slovenia (X kg) were the main destinations of hemp tow exports from Serbia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for hemp tow exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

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

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell notably in the following year.

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

Hemp Tow Imports

Imports into Serbia

After two years of growth, supplies from abroad of hemp tow decreased by X% to X tons in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, hemp tow imports reduced notably to $X in 2022. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Greece (X tons), Italy (X tons) and France (X kg) were the main suppliers of hemp tow imports to Serbia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), Greece ($X) and France ($X) constituted the largest hemp tow suppliers to Serbia, with a combined X% share of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average 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 Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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