Report Update Jan 1, 2025

Dominican Republic - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Hemp Tow Market 2025

Hemp Tow Market Size in the Dominican Republic

In 2022, the Dominican hemp tow market decreased by -6.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Hemp Tow Production in the Dominican Republic

In value terms, hemp tow production shrank to $X in 2022 estimated in export price. In general, production saw a pronounced increase. The growth pace was the most rapid in 2018 with an increase of 29%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average yield of hemp tow in the Dominican Republic amounted to less than X kg per ha, flattening at the previous year. In general, the yield continues to indicate a relatively flat trend pattern. 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 the Dominican Republic stood at less than X ha, approximately reflecting the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Hemp Tow Exports

Exports from the Dominican Republic

After two years of decline, overseas shipments of hemp tow increased by 33% to X kg in 2022. In general, exports, however, showed a pronounced decrease. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, hemp tow exports surged to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X kg) was the main destination for hemp tow exports from the Dominican Republic, with a approx. 46% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Poland was relatively modest.

In value terms, Poland ($X) emerged as the key foreign market for hemp tow exports from the Dominican Republic.

From 2016 to 2022, the average annual rate of growth in terms of value to Poland was relatively modest.

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2016 to 2022, the rate of growth in terms of prices for Cuba amounted to 0.0% per year.

Hemp Tow Imports

Imports into the Dominican Republic

In 2022, after ten years of growth, there was decline in supplies from abroad of hemp tow, when their volume decreased by -0.5% to X tons. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 296% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, hemp tow imports contracted modestly to $X in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 257% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Brazil (X tons) was the main hemp tow supplier to the Dominican Republic, with a 97% share of total imports. It was followed by Spain (X kg), with a 2.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +80.3%.

In value terms, Brazil ($X) constituted the largest supplier of hemp tow to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was held by Spain ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +41.5%.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hemp tow in the world?

The countries with the highest volumes of hemp tow consumption in 2020 were France, China and Democratic People's Republic of Korea, with a combined 75% share of global consumption. Poland, Spain, Austria and Chile lagged somewhat behind, together comprising a further 16%.

What are the largest producers of hemp tow in the world?

The countries with the highest volumes of hemp tow production in 2020 were France, China and Democratic People's Republic of Korea, with a combined 76% share of global production. These countries were followed by Poland, the Netherlands, Austria and Italy, which together accounted for a further 16%.

What are the leading suppliers of hemp tow to the Dominican Republic?

In value terms, Brazil constituted the largest supplier of hemp tow to the Dominican Republic, comprising 65% of total imports. The second position in the ranking was occupied by China, with a 21% share of total imports.

What is the average export price for hemp tow in the Dominican Republic?

In 2020, the average hemp tow export price amounted to $7,333 per ton, growing by 28% against the previous year.

What is the average import price for hemp tow in the Dominican Republic?

In 2020, the average hemp tow import price amounted to $1,430 per ton, shrinking by -20.5% against the previous year.

This report provides an in-depth analysis of the hemp tow market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 777 - Hemp fibre and tow

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024