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

Price for Yarn; of Hemp (Cannabis Sativa L.) in Ethiopia (CIF) - 2022

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $19,513 per ton in 2022, surging by 62% against the previous year. Over the period under review, the import price posted buoyant growth. As a result, import price reached 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 Italy ($25,806 per ton), while the price for China stood at $15,080 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.6%).

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

Imports of yarn; of hemp (cannabis sativa l.)s into Ethiopia fell remarkably to 150 kg in 2022, reducing by -25% on the previous year. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 525%. As a result, imports attained the peak of 200 kg, and then dropped dramatically in the following year.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s surged to $2.9K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 571%. Imports peaked in 2022 and are expected to retain growth in the near future.