Price for Yarn; of Hemp (Cannabis Sativa L.) in Belgium - 2023

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in Belgium (FOB) - 2022
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in Belgium (CIF) - 2023
3. Exports of Yarn; of Hemp (Cannabis Sativa L.) in Belgium
4. Imports of Yarn; of Hemp (Cannabis Sativa L.) in Belgium

Price for Yarn; of Hemp (Cannabis Sativa L.) in Belgium (FOB) - 2022

In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $13,779 per ton, growing by 13% against the previous year. Overall, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of 1,140%. As a result, the export price reached the peak level of $22,557 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($13,998 per ton), while the average price for exports to France ($6,368 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.9%), while the prices for the other major destinations experienced a decline.

Price for Yarn; of Hemp (Cannabis Sativa L.) in Belgium (CIF) - 2023

In November 2023, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $10,386 per ton, falling by -11.8% against the previous month. Overall, import price indicated a remarkable increase from November 2022 to November 2023: its price increased at an average monthly rate of +7.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for yarn; of hemp (cannabis sativa l.)s increased by +13.6% against September 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 91% against the previous month. Over the period under review, average import prices attained the peak figure at $14,351 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($12,276 per ton), while the price for Poland amounted to $10,268 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Yarn; of Hemp (Cannabis Sativa L.) in Belgium

In 2022, the amount of yarn; of hemp (cannabis sativa l.)s exported from Belgium soared to 32 tons, increasing by 2,744% on 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s soared to $435K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yarn; of Hemp (Cannabis Sativa L.) from Belgium in 2022:

1. Portugal (29.8 tons)
2. Italy (1.0 tons)
3. Austria (0.7 tons)

Imports of Yarn; of Hemp (Cannabis Sativa L.) in Belgium

In 2022, approx. 39 tons of yarn; of hemp (cannabis sativa l.)s were imported into Belgium; with an increase of 40% against the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% 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 increased by +72.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s skyrocketed to $372K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Yarn; of Hemp (Cannabis Sativa L.) to Belgium in 2022:

1. China (20.2 tons)
2. Italy (13.7 tons)
3. Netherlands (3.4 tons)
4. Germany (1.4 tons)
5. France (0.1 tons)

Source: IndexBox Market Intelligence Platform