Report Update Nov 1, 2024

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

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Thailand: Hemp Tow Market 2024

Hemp Tow Market Size in Thailand

In 2022, the Thai hemp tow market decreased by -77.1% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a significant contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Hemp Tow Exports

Exports from Thailand

Hemp tow exports from Thailand reduced sharply to X kg in 2021, declining by -85.4% compared with the previous year. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 1,031%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hemp tow exports plummeted to $X in 2021. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2017 when exports increased by 2,224% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) and Singapore (X kg) were the main destinations of hemp tow exports from Thailand.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +2.1%).

In value terms, Singapore ($X) emerged as the key foreign market for hemp tow exports from Thailand, comprising 93% of total exports. The second position in the ranking was held by Switzerland ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -1.7%.

Export Prices by Country

The average hemp tow export price stood at $X per ton in 2021, jumping by 444% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 3,246%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Switzerland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1,320.9%), while the prices for the other major destinations experienced mixed trend patterns.

Hemp Tow Imports

Imports into Thailand

In 2022, overseas purchases of hemp tow decreased by -77.8% to X kg, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 2,617% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hemp tow imports shrank rapidly to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 465% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) was the main hemp tow supplier to Thailand, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +53.7%.

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

From 2012 to 2022, the average annual growth rate of value from China amounted to +121.0%.

Import Prices by Country

In 2022, the average hemp tow import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 934% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +43.8% 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 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 Thailand?

In value terms, Brazil constituted the largest supplier of hemp tow to Thailand, comprising 85% of total imports. The second position in the ranking was occupied by China, with a 15% share of total imports.

What are the leading importers of hemp tow from Thailand?

In value terms, Lao People's Democratic Republic remains the key foreign market for hemp tow exports from Thailand, comprising 88% of total exports. The second position in the ranking was occupied by Singapore $343), with an 11% share of total exports.

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

The average hemp tow export price stood at $7,618 per ton in 2020, surging by 47% against the previous year.

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

The average hemp tow import price stood at $1,508 per ton in 2020, waning by -48.8% against the previous year.

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

Thailand

Data coverage:

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