Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Singapore: Hemp Tow Market 2024

Hemp Tow Market Size in Singapore

The Singaporean hemp tow market contracted significantly to $X in 2022, declining by -37.7% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then fell remarkably in the following year.

Hemp Tow Production in Singapore

In value terms, hemp tow production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 20%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of hemp tow in Singapore amounted to less than X kg per ha in 2022, stabilizing at the year before. Overall, the yield saw 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 Singapore was estimated at less than X ha, standing approx. at the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Hemp Tow Exports

Exports from Singapore

In 2022, the amount of hemp tow exported from Singapore stood at X kg, approximately equating 2021 figures. In general, exports recorded a mild setback. The smallest decline of 99.9% was in 2016. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hemp tow exports stood at $X in 2022. Overall, exports posted a significant increase. The smallest decline of -94.7% was in 2015. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X kg) was the main destination for hemp tow exports from Singapore, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines was relatively modest.

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price showed a significant expansion. The growth pace was the most rapid in 2016 a decrease of 99.9% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +40.6% per year.

Hemp Tow Imports

Imports into Singapore

In 2022, imports of hemp tow into Singapore rose remarkably to X kg, with an increase of 12% on 2021 figures. Over the period under review, imports saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 409%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, hemp tow imports expanded notably to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 585%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X kg) constituted the largest hemp tow supplier to Singapore, accounting for a 68% share of total imports. Moreover, hemp tow imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), fourfold. Bangladesh (X kg) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+47.6% per year) and Bangladesh (0.0% per year).

In value terms, the largest hemp tow suppliers to Singapore were Bangladesh ($X), China ($X) and Thailand ($X), together comprising 97% of total imports. These countries were followed by Germany, which accounted for a further 3.5%.

In terms of the main suppliers, Germany, with a CAGR of +58.6%, recorded the highest rates of growth with regard to 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, remaining constant against the previous year. Overall, the import price showed a measured increase. The most prominent rate of growth was recorded in 2017 an increase of 136% against the previous year. Over the period under review, average import prices hit record highs 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 Thailand ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+41.8%), 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, together accounting for 75% of global consumption. Poland, Spain, Austria and Chile lagged somewhat behind, together comprising 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 accounting for 76% of global production. Poland, the Netherlands, Austria and Italy lagged somewhat behind, together accounting for a further 16%.

What are the leading suppliers of hemp tow to Singapore?

In value terms, the largest hemp tow suppliers to Singapore were Norway $410) and Thailand $339).

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

The average hemp tow export price stood at $6,000 per ton in 2015, increasing by 243% against the previous year.

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

In 2020, the average hemp tow import price amounted to $8,416 per ton, with an increase of 20% against the previous year.

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

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023