Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Morocco - 2022
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Morocco (CIF) - 2022
- Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Morocco
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Morocco (CIF) - 2022
The average import price for hemp (cannabis sativa l.); raw or retted, but not spuns stood at $2,762 per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 10%. The import price peaked at $2,763 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($2,764 per ton), while the price for Germany stood at $2,736 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.2%).
Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in Morocco
In 2022, approx. 6.8 tons of hemp (cannabis sativa l.); raw or retted, but not spuns were imported into Morocco; surging by 16% compared with 2021. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 -12.3% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 97%. As a result, imports reached the peak of 7.8 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of hemp (cannabis sativa l.); raw or retted, but not spuns surged to $19K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 -12.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 98%. As a result, imports reached the peak of $22K. 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 Morocco (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Egypt | 21.3 | N/A | 10.6 | -29.5% |
| Germany | 0.3 | N/A | 0.2 | -18.4% |
| Others | N/A | 16.2 | 8.1 | -50.0% |
| Total | 21.6 | 16.2 | 18.9 | -6.5% |
Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to Morocco in 2022:
- Egypt (3.8 tons)
- Germany (0.1 tons)
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