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

Contents:

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

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

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $15,768 per ton, picking up by 18% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $35,038 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($22,571 per ton), while the price for China stood at $15,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

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

In 2021, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $13,000 per ton, surging by 24% against the previous year. In general, the export price recorded slight growth. The most prominent rate of growth was recorded in 2020 an increase of 230%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Iceland.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to +1.7% per year.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of yarn; of hemp (cannabis sativa l.)s, when their volume decreased by -55.4% to 1.4 tons. Overall, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 47% against the previous year.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s declined notably to $23K in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. As a result, imports reached the peak of $43K, and then contracted dramatically in the following year.

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

1. China (1418.0 kg)
2. Sweden (21.0 kg)

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

After two years of growth, shipments abroad of yarn; of hemp (cannabis sativa l.)s decreased by -98.7% to 5 kg in 2021. In general, exports saw a sharp setback. The pace of growth was the most pronounced in 2020 when exports increased by 3,075%. As a result, the exports reached the peak of 381 kg, and then reduced markedly in the following year.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s fell markedly to $65 in 2021. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 10,387%. As a result, the exports attained the peak of $4K, and then declined sharply in the following year.

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

1. Iceland (5.0 kg)

Source: IndexBox Market Intelligence Platform