Report Update Nov 1, 2024

Hong Kong SAR, China - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Hemp Tow Market 2024

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

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, together accounting for 75% of global consumption. These countries were followed by Poland, Spain, Austria and Chile, which together accounted for 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, together comprising 76% 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 Hong Kong SAR, China?

In value terms, Belgium constituted the largest supplier of hemp tow to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was occupied by China, with an 8.2% share of total imports.

What is the average export price for hemp tow in Hong Kong SAR, China?

In 2019, the average hemp tow export price amounted to $15,764 per ton, stabilizing at the previous year.

What is the average import price for hemp tow in Hong Kong SAR, China?

The average hemp tow import price stood at $511 per ton in 2020, surging by 1.7% against the previous year.

This report provides an in-depth analysis of the hemp tow market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023