Portugal: Hemp Tow Market 2025

Hemp Tow Market Size in Portugal

In 2022, the Portuguese hemp tow market increased by 366% to $X, rising for the third year in a row after three years of decline. In general, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hemp Tow Production in Portugal

In value terms, hemp tow production reached $X in 2022 estimated in export price. In general, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13%. Hemp tow production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of hemp tow in Portugal amounted to less than X kg per ha, approximately equating the previous year. Over the period under review, 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 Portugal; remaining relatively unchanged against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Hemp Tow Exports

Exports from Portugal

In 2022, exports of hemp tow from Portugal declined notably to X kg, waning by -71.5% against 2021. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 19,850% against the previous year. The exports peaked at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hemp tow exports shrank rapidly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 14,013% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Switzerland (X kg) was the main destination for hemp tow exports from Portugal, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Switzerland amounted to +116.9%.

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

From 2013 to 2022, the average annual growth rate of value to Switzerland stood at +163.2%.

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, jumping by 83% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 128% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2013 to 2022, the rate of growth in terms of prices for Switzerland amounted to +21.3% per year.

Hemp Tow Imports

Imports into Portugal

In 2022, overseas purchases of hemp tow increased by 416% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 580% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hemp tow imports skyrocketed to $X in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 777% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest hemp tow supplier to Portugal, with a 65% share of total imports. Moreover, hemp tow imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and Spain (+30.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of hemp tow to Portugal, comprising 57% of total imports. The second position in the ranking was taken by Poland ($X), with a 23% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and Spain (+24.3% per year).

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, which is down by -32.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 131% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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