Spain: Hemp Tow Market 2024

Hemp Tow Market Size in Spain

The Spanish hemp tow market expanded modestly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Hemp Tow Production in Spain

In value terms, hemp tow production surged to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of hemp tow in Spain stood at X tons per ha in 2022, picking up by X% on the previous year's figure. Overall, the yield posted significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the average hemp tow yield attained the maximum level at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hemp tow harvested area in Spain fell rapidly to X ha in 2022, waning by X% on 2021 figures. In general, the harvested area, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then shrank sharply in the following year.

Hemp Tow Exports

Exports from Spain

In 2022, hemp tow exports from Spain fell sharply to X tons, with a decrease of X% against 2021 figures. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined remarkably in the following year.

In value terms, hemp tow exports shrank rapidly to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

France (X tons) was the main destination for hemp tow exports from Spain, accounting for a X% share of total exports. Moreover, hemp tow exports to France exceeded the volume sent to the second major destination, Gibraltar (X tons), fivefold. The third position in this ranking was held by Switzerland (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gibraltar (X% per year) and Switzerland (X% per year).

In value terms, Italy ($X) remains the key foreign market for hemp tow exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into Spain

In 2022, approx. X tons of hemp tow were imported into Spain; growing by X% against 2021. Overall, imports continue to indicate notable growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, hemp tow imports rose slightly to $X in 2022. In general, imports posted noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) was the main hemp tow supplier to Spain, accounting for a X% share of total imports. It was followed by Romania (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from France stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :