Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Egypt - 2022
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Egypt (FOB) - 2022
- Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Egypt
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Egypt (FOB) - 2022
In 2022, the average export price for hemp (cannabis sativa l.); raw or retted, but not spuns amounted to $2,772 per ton, stabilizing at the previous year. Over the last seven years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2016 an increase of 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,951 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($7,982 per ton), while the average price for exports to Morocco ($2,775 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Egypt
Exports of hemp (cannabis sativa l.); raw or retted, but not spuns from Egypt surged to 6.9 tons in 2022, jumping by 16% compared with 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 7.8 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of hemp (cannabis sativa l.); raw or retted, but not spuns soared to $19K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 86%. As a result, the exports reached the peak of $22K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Egypt (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Morocco | 17.3 | N/A | 48.6 | 67.6% |
| Italy | 7.6 | N/A | 15.0 | 40.5% |
| Croatia | 1.5 | N/A | 3.0 | 41.4% |
| China | 108 | N/A | N/A | 0% |
| Others | -112.8 | 16.6 | -47.6 | -35.0% |
| Total | 21.6 | 16.6 | 19.1 | -6.0% |
Top Export Markets for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun from Egypt in 2022:
- Morocco (17.5 tons)
- Italy (3.7 tons)
- Croatia (0.4 tons)
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