Report Update Nov 1, 2024

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

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Sweden: Hemp Tow Market 2024

Hemp Tow Market Size in Sweden

The Swedish hemp tow market shrank sharply to $X in 2022, which is down by -40.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate prominent growth. Hemp tow consumption peaked at $X in 2021, and then fell remarkably in the following year.

Hemp Tow Exports

Exports from Sweden

In 2022, shipments abroad of hemp tow was finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. In general, exports saw modest growth. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hemp tow exports surged to $X in 2022. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for hemp tow exports from Sweden, accounting for a 92% share of total exports. Moreover, hemp tow exports to Norway exceeded the volume sent to the second major destination, Denmark (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-12.5% per year) and Finland (-20.1% per year).

In value terms, Norway ($X) remains the key foreign market for hemp tow exports from Sweden, comprising 90% of total exports. The second position in the ranking was taken by Denmark ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-3.4% per year) and Finland (-4.9% per year).

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2022, growing by 7.2% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hemp Tow Imports

Imports into Sweden

In 2022, the amount of hemp tow imported into Sweden declined dramatically to X tons, waning by -33.6% compared with 2021 figures. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 185% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hemp tow imports fell dramatically to $X in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 132%. Imports peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, France (X tons) was the main supplier of hemp tow to Sweden, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +17.4%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +10.6%.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, with a decrease of -15.2% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 10%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -5.8% per year.

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 comprising 75% of global consumption. Poland, Spain, Austria and Chile lagged somewhat behind, together accounting 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 Sweden?

In value terms, France constituted the largest supplier of hemp tow to Sweden.

What are the leading importers of hemp tow from Sweden?

In value terms, Norway remains the key foreign market for hemp tow exports from Sweden, comprising 78% of total exports. The second position in the ranking was occupied by Denmark, with a 9.3% share of total exports. It was followed by Finland, with a 9.3% share.

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

In 2020, the average hemp tow export price amounted to $11,373 per ton, increasing by 32% against the previous year.

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

In 2020, the average hemp tow import price amounted to $606 per ton, with a decrease of -74.7% against the previous year.

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

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
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