Estonia: Hemp Tow Market 2025

Hemp Tow Market Size in Estonia

In 2022, after five years of growth, there was decline in the Estonian hemp tow market, when its value decreased by -3.2% to $X. In general, consumption showed a mild slump. The most prominent rate of growth was recorded in 2020 when the market value increased by 8.7% against the previous year. Hemp tow consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hemp Tow Production in Estonia

In value terms, hemp tow production stood at $X in 2022 estimated in export price. In general, production, however, recorded a slight decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of hemp tow in Estonia was estimated at less than X kg per ha in 2022, therefore, remained relatively stable against the previous year. In general, the yield recorded 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.

The hemp tow harvested area in Estonia totaled less than X ha in 2022, approximately reflecting the year before. Overall, the harvested area saw a relatively flat trend pattern.

Hemp Tow Exports

Exports from Estonia

In 2022, the amount of hemp tow exported from Estonia fell sharply to X kg, which is down by -37.5% compared with the previous year's figure. Overall, exports faced a dramatic slump. The exports peaked at X kg in 2021, and then fell notably in the following year.

In value terms, hemp tow exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a dramatic decrease. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Spain (X kg) was the main destination for hemp tow exports from Estonia, accounting for a 60% share of total exports. Moreover, hemp tow exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2021 to 2022, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Italy (0.0% per year).

In value terms, Spain ($X) emerged as the key foreign market for hemp tow exports from Estonia, comprising 97% of total exports. The second position in the ranking was held by Italy ($X), with a 2.2% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the Netherlands (0.0% per year).

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, reducing by -19.7% against the previous year. Overall, the export price saw a deep reduction. The export price peaked at $X per ton in 2021, and then reduced remarkably in the following year.

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

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into Estonia

In 2022, imports of hemp tow into Estonia fell dramatically to X kg, shrinking by -71.9% against the year before. Overall, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,171% against the previous year. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, hemp tow imports reduced rapidly to $X in 2022. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,219%. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of hemp tow to Estonia, accounting for a 66% share of total imports. Moreover, hemp tow imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.0% per year) and Egypt (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hemp tow to Estonia, comprising 90% of total imports. The second position in the ranking was taken by Egypt ($X), with a 5.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (0.0% per year) and the Netherlands (+37.2% per year).

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, picking up by 95% against the previous year. Overall, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of 144% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Egypt ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform