Eastern Europe: Hemp Tow Market 2024

Hemp Tow Market Size in Eastern Europe

In 2022, the East European hemp tow market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Hemp Tow Production in Eastern Europe

In value terms, hemp tow production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a moderate increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Poland (X tons) constituted the country with the largest volume of hemp tow production, accounting for X% of total volume. Moreover, hemp tow production in Poland exceeded the figures recorded by the second-largest producer, Romania (X tons), fivefold. The third position in this ranking was taken by Lithuania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Poland totaled X%. In the other countries, the average annual rates were as follows: Romania (X% per year) and Lithuania (X% per year).

The average hemp tow yield contracted to X tons per ha in 2022, with a decrease of X% against 2021 figures. In general, the yield, however, posted prominent growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the hemp tow yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of hemp tow in Eastern Europe was estimated at X ha, with an increase of X% on the year before. The total harvested area indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hemp tow harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to hemp tow production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Hemp Tow Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of hemp tow decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, hemp tow exports dropped notably to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

In 2022, Romania (X tons) was the major exporter of hemp tow, mixing up X% of total exports. It was distantly followed by Russia (X tons), Ukraine (X tons), Lithuania (X tons), Poland (X tons) and the Czech Republic (X tons), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hemp tow exports from Romania stood at X%. At the same time, Ukraine (X%), Russia (X%), Lithuania (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Romania, Russia, Ukraine and Lithuania increased by X, X, X and X percentage points, respectively.

In value terms, the Czech Republic ($X), Romania ($X) and Lithuania ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Lithuania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Hemp Tow Imports

Imports in Eastern Europe

In 2022, purchases abroad of hemp tow decreased by X% to X tons, falling for the third consecutive year after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 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 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hemp tow imports declined to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Lithuania (X tons), making up a X% share of total imports. The following importers - Poland (X tons), Romania (X tons) and Belarus (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hemp tow imports into the Czech Republic stood at X%. At the same time, Belarus (X%), Lithuania (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Lithuania, Poland, Belarus and Romania increased by X, X, X and X percentage points, respectively.

In value terms, the Czech Republic ($X) constitutes the largest market for imported hemp tow in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hemp tow import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and Romania ($X per ton), while Belarus ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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