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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