Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in the Philippines - 2022
Contents:
- Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in the Philippines (CIF) - 2022
- Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in the Philippines
Price for Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in the Philippines (CIF) - 2022
In 2022, the average import price for hemp (cannabis sativa l.); raw or retted, but not spuns amounted to $21,867 per ton, rising by 315% against the previous year. In general, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($24,587 per ton), while the price for China totaled $917 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%).
Imports of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun in the Philippines
In 2022, supplies from abroad of hemp (cannabis sativa l.); raw or retted, but not spuns was finally on the rise to reach 1.3 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a sharp contraction.
In value terms, imports of hemp (cannabis sativa l.); raw or retted, but not spuns surged to $29K in 2022. In general, imports saw significant growth. 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 the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | N/A | N/A | N/A | 1.1 | 0% |
China | 7.4 | N/A | 1.8 | 0.2 | -70.0% |
Others | N/A | 5.0 | 0.8 | 27.7 | 135.4% |
Total | 7.4 | 5.0 | 2.6 | 29.0 | 57.7% |
Top Suppliers of Hemp (Cannabis Sativa L.); Raw or Retted, But Not Spun to the Philippines in 2022:
- China (204.0 kg)
- Singapore (46.0 kg)
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The UK (+73.5% per year) recorded the highest rates of growth with regard to the value of imports
Global primary fiber crops consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global primary fiber crops exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global primary fiber crops imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
In 2015, the countries with the highest levels of fiber crops production were Brazil (X thousand tons), Vietnam (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
India dominates in the global fiber crop trade. In 2014, India exported X thousand tons of fiber crops totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total fiber crop exports
The UK (+73.5% per year) recorded the highest rates of growth with regard to the value of imports