Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania - 2024

Contents:

  1. Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania (CIF) - 2022
  2. Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania (FOB) - 2022
  3. Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania
  4. Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania

Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania (CIF) - 2022

The average import price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $2,470 per ton in 2022, falling by -14.7% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 172% against the previous year. As a result, import price attained the peak level of $6,330 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($4,778 per ton), while the price for the Netherlands ($292 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+182.9%), while the prices for the other major suppliers experienced a decline.

Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania (FOB) - 2022

The average export price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $3,286 per ton in 2022, surging by 15% against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2016 an increase of 118%. Over the period under review, the average export prices reached the maximum at $4,481 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2014 to 2022, the rate of growth in terms of prices for the United States amounted to +618.2% per year.

Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania

In 2022, imports of hemp (cannabis sativa l.); raw or retted, but not spuns into Lithuania surged to 124 tons, rising by 342% against the year before. In general, imports enjoyed a significant expansion. As a result, imports attained 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 $306K in 2022. Overall, imports saw a significant increase. As a result, imports attained 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 Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/A39.50.2-99.5%
Netherlands11120.715.40.1-90.3%
ItalyN/A29.9101N/A237.8%
UkraineN/AN/A11.1N/A0%
Others0.20.1-85.93051051.0%
Total11250.681.130639.8%

Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to Lithuania in 2022:

  1. Netherlands (0.2 tons)
  2. China (0.1 tons)

Exports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania

Exports of hemp (cannabis sativa l.); raw or retted, but not spuns from Lithuania fell remarkably to 22 tons in 2022, which is down by -31.6% compared with the previous year's figure. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 171%.

In value terms, exports of hemp (cannabis sativa l.); raw or retted, but not spuns reduced remarkably to $71K in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 72%.

Export of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy6.57.66.68.59.4%
BelgiumN/A42.32.7N/A-93.6%
United States113N/A0.6N/A-92.7%
Canada7.7N/A21.4N/A66.7%
OthersN/A2.358.662.5421.3%
Total12752.289.871.0-17.6%

Top Export Markets for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun from Lithuania in 2022:

  1. Italy (33.8 tons)

Source: IndexBox Market Intelligence Platform

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