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

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