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

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