Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Latvia - 2022
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Latvia (CIF) - 2022
- Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Latvia
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Latvia (CIF) - 2022
The average import price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $2,054 per ton in 2022, picking up by 10% against the previous year. Over the last one-year period, it increased at an average annual rate of +10.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,267 per ton), while the price for Poland stood at $1,000 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-10.8%).
Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Latvia
In 2022, the amount of hemp (cannabis sativa l.); raw or retted, but not spuns imported into Latvia expanded sharply to 17 tons, increasing by 14% compared with 2021. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 -10.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 76%. As a result, imports reached the peak of 19 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of hemp (cannabis sativa l.); raw or retted, but not spuns surged to $36K in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 206%. As a result, imports reached the peak of $43K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Latvia (USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Netherlands | 54.0 | 76.0 | 40.7% |
| Poland | N/A | 1.0 | 0% |
| Others | 28,436 | 35,644 | 25.3% |
| Total | 28,490 | 35,721 | 25.4% |
Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to Latvia in 2022:
- Netherlands (0.1 tons)
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