Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR - 2022
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR (CIF) - 2022
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR (FOB) - 2022
- Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR
- Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR (CIF) - 2022
The average import price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $530 per ton in 2021, flattening at the previous year. In general, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 3.1% against the previous year. As a result, import price attained the peak level of $1,266 per ton. From 2015 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($115,375 per ton), while the price for the United States amounted to $12,623 per ton.
From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-4.5%).
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR (FOB) - 2022
In 2021, the average export price for hemp (cannabis sativa l.); raw or retted, but not spuns amounted to $9,305 per ton, remaining stable against the previous year. In general, export price indicated a significant expansion from 2019 to 2021: its price increased at an average annual rate of +33.8% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for hemp (cannabis sativa l.); raw or retted, but not spuns increased by +78.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 80%. As a result, the export price reached the peak level of $9,373 per ton, leveling off in the following year.
As there is only one major export destination, the average price level is determined by prices for Samoa.
From 2019 to 2021, the rate of growth in terms of prices for Samoa amounted to 0.0% per year.
Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR
Imports of hemp (cannabis sativa l.); raw or retted, but not spuns into Hong Kong SAR surged to 148 tons in 2022, picking up by 16% compared with the previous year. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 100%. As a result, imports attained the peak of 169 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of hemp (cannabis sativa l.); raw or retted, but not spuns surged to $78K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 95% against the previous year. As a result, imports reached the peak of $89K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Kingdom | N/A | N/A | 923 | 0% |
| United States | N/A | N/A | 871 | 0% |
| Belgium | 1,126 | 958 | N/A | -14.9% |
| Others | 44,763 | 88,300 | 65,780 | 21.2% |
| Total | 45,889 | 89,258 | 67,574 | 21.3% |
Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to Hong Kong SAR in 2022:
- United States (0.1 tons)
Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR
In 2022, exports of hemp (cannabis sativa l.); raw or retted, but not spuns from Hong Kong SAR soared to 327 kg, rising by 49% compared with the previous year. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 8,580%. As a result, the exports reached the peak of 434 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of hemp (cannabis sativa l.); raw or retted, but not spuns skyrocketed to $3.1K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 15,546% against the previous year. As a result, the exports reached the peak of $4.1K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Hong Kong SAR (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Samoa | N/A | N/A | 8.1 | 0% |
| Others | N/A | 4.1 | -6.1 | -248.8% |
| Total | N/A | 4.1 | 2.0 | -51.2% |
Top Export Markets for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun from Hong Kong SAR in 2022:
- Samoa (943.0 kg)
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