Price for Yarn; of Hemp (Cannabis Sativa L.) in Australia - 2023

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in Australia (CIF) - 2022
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in Australia (FOB) - 2022
3. Imports of Yarn; of Hemp (Cannabis Sativa L.) in Australia
4. Exports of Yarn; of Hemp (Cannabis Sativa L.) in Australia

Price for Yarn; of Hemp (Cannabis Sativa L.) in Australia (CIF) - 2022

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $20,893 per ton, picking up by 102% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $21,880 per ton in 2012; however, from 2013 to 2022, 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 China ($29,913 per ton), while the price for Canada ($1,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn; of Hemp (Cannabis Sativa L.) in Australia (FOB) - 2022

In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $5,958 per ton, waning by -23.4% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 7.9% against the previous year. Over the period under review, the average export prices hit record highs at $26,500 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($9,667 per ton), while the average price for exports to Fiji stood at $2,250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-9.6%).

Imports of Yarn; of Hemp (Cannabis Sativa L.) in Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of yarn; of hemp (cannabis sativa l.)s, when their volume decreased by -47.3% to 684 kg. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 121%. As a result, imports attained the peak of 1.3 tons, and then dropped notably in the following year.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s expanded significantly to $14K in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 178%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Yarn; of Hemp (Cannabis Sativa L.) to Australia in 2022:

1. Bangladesh (203.0 kg)
2. China (150.0 kg)
3. New Zealand (142.0 kg)
4. Romania (61.0 kg)
5. India (56.0 kg)
6. United States (41.0 kg)
7. Canada (25.0 kg)

Exports of Yarn; of Hemp (Cannabis Sativa L.) in Australia

In 2022, shipments abroad of yarn; of hemp (cannabis sativa l.)s decreased by -66.7% to 24 kg, falling for the second year in a row after two years of growth. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 342% against the previous year. As a result, the exports attained the peak of 84 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s shrank markedly to $143 in 2022. In general, exports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2020 when exports increased by 377%. As a result, the exports reached the peak of $606. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Yarn; of Hemp (Cannabis Sativa L.) from Australia in 2022:

1. New Zealand (12.0 kg)
2. Fiji (12.0 kg)

Source: IndexBox Market Intelligence Platform