Russian Federation: Hemp Tow Market 2025

Hemp Tow Market Size in the Russian Federation

In 2022, the Russian hemp tow market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a abrupt downturn. Hemp tow consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hemp Tow Production in the Russian Federation

In value terms, hemp tow production fell to $X in 2022 estimated in export price. In general, production, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 130%. Hemp tow production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of hemp tow in Russia reached X kg per ha in 2022, remaining stable against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 5%. The hemp tow yield peaked at X kg per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. 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 Russia; therefore, remained relatively stable against the year before. Overall, the harvested area, however, continues to indicate a mild descent. The growth pace was the most rapid in 2016 when the harvested area increased by 17% against the previous year. The hemp tow harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Hemp Tow Exports

Exports from the Russian Federation

After three years of growth, overseas shipments of hemp tow decreased by -40.3% to X tons in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 6,889%. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, hemp tow exports fell markedly to $X in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2019 with an increase of 2,604%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

China (X tons), Latvia (X tons) and Ukraine (X tons) were the main destinations of hemp tow exports from Russia, with a combined 73% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +1,166.5%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) emerged as the key foreign market for hemp tow exports from Russia, comprising 52% of total exports. The second position in the ranking was taken by Latvia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+705.6% per year) and Ukraine (-88.2% per year).

Export Prices by Country

In 2022, the average hemp tow export price amounted to $X per ton, which is down by -4.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 336% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Latvia ($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 Ukraine (+40.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hemp Tow Imports

Imports into the Russian Federation

Hemp tow imports into Russia shrank rapidly to X kg in 2022, reducing by -98.2% against 2021 figures. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 330% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hemp tow imports contracted rapidly to $X in 2022. Overall, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 562%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Lithuania (X kg) constituted the largest supplier of hemp tow to Russia, with a approx. 50% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Lithuania was relatively modest.

In value terms, Lithuania ($X) constituted the largest supplier of hemp tow to Russia.

From 2012 to 2022, the average annual growth rate of value from Lithuania was relatively modest.

Import Prices by Country

The average hemp tow import price stood at $X per ton in 2022, which is down by -77.3% against the previous year. In general, the import price continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -14.3% per year.

Source: IndexBox Platform

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