Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada - 2024
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada (FOB) - 2022
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada (CIF) - 2022
- Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada
- Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada (FOB) - 2022
In 2022, the average export price for hemp (cannabis sativa l.); raw or retted, but not spuns amounted to $889 per ton, waning by -27.6% against the previous year. Overall, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2017 an increase of 163%. As a result, the export price reached the peak level of $2,149 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,498 per ton), while the average price for exports to the United States amounted to $831 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.1%), while the prices for the other major destinations experienced a decline.
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada (CIF) - 2022
In 2022, the average import price for hemp (cannabis sativa l.); raw or retted, but not spuns amounted to $829 per ton, waning by -56% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 an increase of 100% against the previous year. Over the period under review, average import prices attained the peak figure at $1,884 per ton in 2021, and then shrank significantly in the following year.
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 ($964 per ton), while the price for the Netherlands ($580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada
In 2022, the amount of hemp (cannabis sativa l.); raw or retted, but not spuns exported from Canada surged to 88 tons, jumping by 519% compared with 2021 figures. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of hemp (cannabis sativa l.); raw or retted, but not spuns surged to $78K in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.6 | 9.2 | 14.9 | 70.9 | 46.4% |
| China | 3.2 | N/A | N/A | 10.9 | 50.5% |
| South Korea | N/A | N/A | 194 | N/A | 0% |
| Portugal | 49.3 | 47.0 | N/A | N/A | -4.7% |
| Others | -69.0 | -46.9 | -191.7 | -4.1 | -61.0% |
| Total | 6.1 | 9.2 | 17.3 | 77.8 | 133.6% |
Top Export Markets for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun from Canada in 2022:
- United States (85.3 tons)
- China (7.3 tons)
Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada
After three years of growth, overseas purchases of hemp (cannabis sativa l.); raw or retted, but not spuns decreased by -88% to 10 tons in 2022. In general, imports showed a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 25%.
In value terms, imports of hemp (cannabis sativa l.); raw or retted, but not spuns shrank notably to $8.7K in 2022. Overall, imports recorded a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 150%.
| Import of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 3.4 | 0% |
| United States | 1.0 | 3.8 | 121 | 2.9 | 42.6% |
| Netherlands | N/A | N/A | N/A | 2.1 | 0% |
| China | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Hungary | 5.7 | 16.6 | N/A | N/A | 191.2% |
| France | 32.5 | 14.3 | N/A | N/A | -56.0% |
| Lithuania | 1.4 | N/A | 42.2 | N/A | 449.0% |
| Others | 0.5 | 68.0 | 1.2 | 0.1 | -41.5% |
| Total | 41.1 | 103 | 164 | 8.7 | -40.4% |
Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to Canada in 2022:
- United Kingdom (3.6 tons)
- Netherlands (3.6 tons)
- United States (3.0 tons)
- China (0.2 tons)
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