Hungary: Hemp Tow Market 2025

Hemp Tow Market Size in Hungary

The Hungarian hemp tow market shrank slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, continues to indicate a deep reduction. Hemp tow consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Hemp Tow Production in Hungary

In value terms, hemp tow production fell to $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 89% against the previous year. Hemp tow production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average hemp tow yield in Hungary reached X tons per ha, approximately reflecting the previous year's figure. In general, the yield, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 61%. Over the period under review, the average hemp tow yield attained the peak level at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hemp tow were harvested in Hungary; reducing by -2.8% on 2021 figures. Over the period under review, the harvested area recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 10%. The hemp tow harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Hemp Tow Exports

Exports from Hungary

In 2022, the amount of hemp tow exported from Hungary surged to X tons, increasing by 311% against 2021. In general, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 719% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, hemp tow exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 501%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for hemp tow exports from Hungary, accounting for a 77% share of total exports. Moreover, hemp tow exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), sixfold. Slovakia (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +230.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+21.9% per year) and Slovakia (+62.8% per year).

In value terms, Slovakia ($X), Germany ($X) and Austria ($X) were the largest markets for hemp tow exported from Hungary worldwide, together comprising 95% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +183.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, declining by -68.6% against the previous year. Overall, the export price saw a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 91%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into Hungary

In 2022, hemp tow imports into Hungary skyrocketed to X tons, picking up by 113% against 2021 figures. Overall, imports showed significant growth. The growth pace was the most rapid in 2017 when imports increased by 950% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, hemp tow imports stood at $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 918%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of hemp tow to Hungary, accounting for a 83% share of total imports. Moreover, hemp tow imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+55.8% per year) and Italy (+5.1% per year).

In value terms, Germany ($X), Italy ($X) and Poland ($X) constituted the largest hemp tow suppliers to Hungary, with a combined 98% share of total imports.

Poland, with a CAGR of +49.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, falling by -52.7% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 69%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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