Austria: Hemp Tow Market 2025

Hemp Tow Market Size in Austria

The Austrian hemp tow market reduced to $X in 2022, with a decrease of -7.9% against the previous year. Overall, consumption, however, recorded a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Hemp Tow Production in Austria

In value terms, hemp tow production reached $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,101% against the previous year. Hemp tow production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of hemp tow in Austria reduced rapidly to X tons per ha in 2022, with a decrease of -15.3% compared with 2021 figures. Over the period under review, the yield showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the yield increased by 40%. The hemp tow yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the hemp tow harvested area in Austria totaled X ha, surging by 6.9% on 2021 figures. Overall, the harvested area showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 120% 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 stood at a somewhat lower figure.

Hemp Tow Exports

Exports from Austria

In 2022, the amount of hemp tow exported from Austria stood at X tons, approximately mirroring 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 792% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, hemp tow exports fell markedly to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 504% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Switzerland (X tons) was the main destination for hemp tow exports from Austria, with a 65% share of total exports. Moreover, hemp tow exports to Switzerland exceeded the volume sent to the second major destination, Germany (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland totaled +97.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+77.0% per year) and Slovakia (+70.3% per year).

In value terms, Slovakia ($X), Germany ($X) and Switzerland ($X) appeared to be the largest markets for hemp tow exported from Austria worldwide, with a combined 85% share of total exports.

Slovakia, with a CAGR of +66.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, dropping by -43% against the previous year. In general, the export price saw a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 88%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Switzerland ($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 Slovakia (-2.0%), while the prices for the other major destinations experienced a decline.

Hemp Tow Imports

Imports into Austria

Hemp tow imports into Austria surged to X tons in 2022, rising by 168% on the year before. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 540% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hemp tow imports fell notably to $X in 2022. In general, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 1,690%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest hemp tow supplier to Austria, accounting for a 70% share of total imports. Moreover, hemp tow imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by China (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +218.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.9% per year) and China (+51.6% per year).

In value terms, Germany ($X), China ($X) and Belgium ($X) constituted the largest hemp tow suppliers to Austria, together comprising 94% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +124.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, waning by -79.2% against the previous year. In general, the import price faced a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 566% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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