Lithuania: Hemp Tow Market 2024

Hemp Tow Market Size in Lithuania

In 2022, the Lithuanian hemp tow market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a significant expansion. Hemp tow consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hemp Tow Production in Lithuania

In value terms, hemp tow production fell rapidly to $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of hemp tow in Lithuania fell notably to X tons per ha in 2022, dropping by X% compared with 2021. In general, the yield, however, posted measured growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average 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 total area harvested in terms of hemp tow production in Lithuania surged to X ha, jumping by X% on the previous year. In general, the harvested area saw a mild increase. The hemp tow harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Hemp Tow Exports

Exports from Lithuania

In 2022, overseas shipments of hemp tow decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, hemp tow exports reduced rapidly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for hemp tow exports from Lithuania, accounting for a X% share of total exports. Moreover, hemp tow exports to Estonia exceeded the volume sent to the second major destination, India (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2014 to 2022, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Italy (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for hemp tow exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2014 to 2022, the average annual growth rate of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into Lithuania

After two years of decline, purchases abroad of hemp tow increased by X% to X tons in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, hemp tow imports reduced to $X in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of hemp tow to Lithuania, accounting for a X% share of total imports. Moreover, hemp tow imports from France exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and China (X% per year).

In value terms, France ($X) constituted the largest supplier of hemp tow to Lithuania, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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