Report Update Feb 1, 2025

Ireland - Hemp Tow - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Hemp Tow Market 2025

Hemp Tow Market Size in Ireland

After two years of decline, the Irish hemp tow market increased by 253,470% to $X in 2022. In general, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hemp Tow Production in Ireland

In value terms, hemp tow production contracted to $X in 2022 estimated in export price. Overall, production showed noticeable growth. The pace of growth was the most pronounced in 2015 with an increase of 217%. Hemp tow production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of hemp tow in Ireland was estimated at less than X kg per ha in 2022, stabilizing at 2021. Overall, 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.

In 2022, the harvested area of hemp tow in Ireland skyrocketed to X ha, growing by 163% on the year before. Overall, the harvested area showed strong growth. The hemp tow harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Hemp Tow Exports

Exports from Ireland

Hemp tow exports from Ireland skyrocketed to X tons in 2022, rising by 5,008% against 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hemp tow exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for hemp tow exports from Ireland, accounting for a approx. 100% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for hemp tow exports from Ireland.

From 2021 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, which is down by -9.8% against the previous year. Overall, the export price showed a abrupt slump. The export price peaked at $X per ton in 2021, and then fell in the following year.

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

From 2021 to 2022, the rate of growth in terms of prices for the UK amounted to 0.0% per year.

Hemp Tow Imports

Imports into Ireland

In 2022, overseas purchases of hemp tow decreased by 0% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 1,389% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hemp tow imports totaled $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 871% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of hemp tow to Ireland, with a 86% share of total imports. Moreover, hemp tow imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X kg), eightfold. The third position in this ranking was taken by the Netherlands (X kg), with a 1.6% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the UK stood at +72.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+112.9% per year) and the Netherlands (0.0% per year).

In value terms, the UK ($X), the United States ($X) and China ($X) constituted the largest hemp tow suppliers to Ireland, with a combined 95% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +146.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 215%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+170.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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, with a combined 75% share 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 Ireland?

In value terms, the UK, Switzerland and Belgium constituted the largest hemp tow suppliers to Ireland, together accounting for 99% of total imports.

What are the leading importers of hemp tow from Ireland?

In value terms, the Netherlands remains the key foreign market for hemp tow exports from Ireland, comprising 98% of total exports. The second position in the ranking was occupied by the United States $38), with a 1.8% share of total exports.

What is the average export price for hemp tow in Ireland?

The average hemp tow export price stood at $8,912 per ton in 2019, dropping by -15% against the previous year.

What is the average import price for hemp tow in Ireland?

In 2020, the average hemp tow import price amounted to $14,645 per ton, which is down by -51.3% against the previous year.

This report provides an in-depth analysis of the hemp tow market in Ireland. 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:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024