Hong Kong SAR, China: Hemp Tow Market 2025

Hemp Tow Market Size in Hong Kong SAR, China

In 2022, the Hong Kong hemp tow market decreased by 99.9% to less than $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption posted a significant increase. Hemp tow consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hemp Tow Production in Hong Kong SAR, China

In value terms, hemp tow production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a drastic downturn. Hemp tow production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average hemp tow yield in Hong Kong SAR totaled less than X kg per ha, remaining stable against the previous year's figure. Overall, 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, approx. less than X ha of hemp tow were harvested in Hong Kong SAR; leveling off at 2021. Overall, the harvested area recorded a relatively flat trend pattern.

Hemp Tow Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of hemp tow decreased by 0% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 1.8% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, hemp tow exports stood at $X in 2021. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Samoa (X kg) was the main destination for hemp tow exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Samoa was relatively modest.

From 2014 to 2021, the average annual rate of growth in terms of value to Samoa was relatively modest.

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of 28% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2014 to 2021, the rate of growth in terms of prices for India amounted to +21.8% per year.

Hemp Tow Imports

Imports into Hong Kong SAR, China

In 2022, imports of hemp tow into Hong Kong SAR declined modestly to X tons, with a decrease of -3.3% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 522%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, hemp tow imports contracted remarkably to $X in 2022. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2013 with an increase of 253%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Mauritius (X tons) was the main supplier of hemp tow to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Mauritius was relatively modest.

In value terms, Mauritius ($X) constituted the largest supplier of hemp tow to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from Mauritius amounted to -6.2%.

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, with a decrease of -30.6% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 152% 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.

As there is only one major supplying country, the average price level is determined by prices for Mauritius.

From 2012 to 2022, the rate of growth in terms of prices for Mauritius amounted to -6.4% per year.

Source: IndexBox Platform

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