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

Contents:

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

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

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $11,440 per ton, with an increase of 34% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 268% against the previous year. The import price peaked at $13,620 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($13,161 per ton), while the price for the Netherlands ($2,370 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $4,250 per ton, jumping by 28% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2021 an increase of 233%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($8,000 per ton), while the average price for exports to Belgium stood at $3,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+17.7%).

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

In 2022, after three years of growth, there was decline in supplies from abroad of yarn; of hemp (cannabis sativa l.)s, when their volume decreased by -3.8% to 477 kg. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 37%.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s soared to $5.5K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.0% 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 +95.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (244.0 kg)
2. Belgium (186.0 kg)
3. Netherlands (46.0 kg)

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

In 2022, exports of yarn; of hemp (cannabis sativa l.)s from Luxembourg shrank sharply to 4 kg, reducing by -33.3% compared with the previous year. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 500%.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s dropped rapidly to $17 in 2022. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 1,900% against the previous year.

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

1. Belgium (3.0 kg)
2. France (1.0 kg)

Source: IndexBox Market Intelligence Platform