Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India - 2024
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India (CIF) - 2024
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India (FOB) - 2022
- Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India
- Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India (CIF) - 2024
The average import price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $7,084 per ton in April 2024, almost unchanged from the previous month. In general, the import price continues to indicate resilient growth. The growth pace was the most rapid in June 2023 an increase of 355% against the previous month. The import price peaked at $7,095 per ton in January 2024; however, from February 2024 to April 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2023 to April 2024, the rate of growth in terms of prices for France amounted to +355.1% per month.
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India (FOB) - 2022
The average export price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $2,809 per ton in 2022, growing by 29% against the previous year. Overall, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2013 an increase of 77% against the previous year. As a result, the export price reached the peak level of $16,284 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($3,550 per ton), while the average price for exports to Jordan ($207 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 Nepal (+34.7%), while the prices for the other major destinations experienced a decline.
Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India
In 2022, overseas purchases of hemp (cannabis sativa l.); raw or retted, but not spuns increased by 9,690% to 33 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of hemp (cannabis sativa l.); raw or retted, but not spuns surged to $39K in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 34.0 | 0% |
| China | N/A | N/A | 4.0 | 4.9 | 22.5% |
| United States | 14.9 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 10.0 | N/A | N/A | 0% |
| Others | N/A | -1.9 | -2.6 | N/A | 36.8% |
| Total | 14.9 | 8.1 | 1.3 | 39.0 | 37.8% |
Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to India in 2022:
- France (31.6 tons)
- China (1.0 tons)
Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in India
In 2022, overseas shipments of hemp (cannabis sativa l.); raw or retted, but not spuns decreased by -22.9% to 642 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 56%. As a result, the exports reached the peak of 1.8 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of hemp (cannabis sativa l.); raw or retted, but not spuns contracted to $1.8K in 2022. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, the exports attained the peak of $3.5K. 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 India (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Indonesia | N/A | 0.7 | 1.4 | 100.0% |
| Jordan | N/A | N/A | 0.1 | 0% |
| Kenya | N/A | N/A | 0.1 | 0% |
| South Korea | N/A | N/A | 0.1 | 0% |
| Malaysia | 3.1 | N/A | N/A | 0% |
| Nepal | N/A | 4.7 | N/A | 0% |
| United Arab Emirates | 0.4 | N/A | N/A | 0% |
| Others | N/A | -3.6 | 0.2 | -105.6% |
| Total | 3.5 | 1.8 | 1.8 | -28.3% |
Top Export Markets for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun from India in 2022:
- Indonesia (388.0 kg)
- Jordan (300.0 kg)
- South Korea (25.0 kg)
- Kenya (20.0 kg)
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