Price for Yarn; of Hemp (Cannabis Sativa L.) in the United States - 2024

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in the United States (CIF) - 2024
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in the United States (FOB) - 2022
3. Imports of Yarn; of Hemp (Cannabis Sativa L.) in the United States
4. Exports of Yarn; of Hemp (Cannabis Sativa L.) in the United States

Price for Yarn; of Hemp (Cannabis Sativa L.) in the United States (CIF) - 2024

In February 2024, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $11,775 per ton, with an increase of 44% against the previous month. Overall, the import price, however, saw a perceptible shrinkage. The growth pace was the most rapid in July 2023 when the average import price increased by 230% month-to-month. The import price peaked at $20,901 per ton in October 2023; however, from November 2023 to February 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Romania ($14,205 per ton), while the price for China amounted to $9,270 per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Mexico (0.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for yarn; of hemp (cannabis sativa l.)s stood at $7,614 per ton in 2022, reducing by -26.3% against the previous year. In general, the export price, however, showed a moderate increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 298% against the previous year. As a result, the export price reached the peak level of $22,991 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to +44.1% per year.

Imports of Yarn; of Hemp (Cannabis Sativa L.) in the United States

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 -48.5% to 144 tons. In general, imports recorded a pronounced reduction. The growth pace was the most rapid in 2020 when imports increased by 45%.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s contracted markedly to $1.5M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24%.

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

1. Romania (105.8 tons)
2. China (38.2 tons)

Exports of Yarn; of Hemp (Cannabis Sativa L.) in the United States

In 2022, overseas shipments of yarn; of hemp (cannabis sativa l.)s decreased by -82.7% to 1.2 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 103%. As a result, the exports reached the peak of 30 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s contracted markedly to $8.9K in 2022. Overall, exports showed a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. As a result, the exports attained the peak of $137K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Jamaica (1.2 tons)

Source: IndexBox Market Intelligence Platform