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

Contents:

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

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

In 2022, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $7,089 per ton, with an increase of 12% against the previous year. In general, the import price posted prominent growth. The growth pace was the most rapid in 2013 an increase of 154% against the previous year. Over the period under review, average import prices attained the maximum at $13,897 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Austria ($12,089 per ton), while the price for Sweden ($6,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for yarn; of hemp (cannabis sativa l.)s amounted to $9,043 per ton, reducing by -15.4% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2020 when the average export price increased by 153%. As a result, the export price reached the peak level of $13,427 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($17,111 per ton), while the average price for exports to Greenland ($3,750 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 Germany (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, purchases abroad of yarn; of hemp (cannabis sativa l.)s decreased by -12% to 3.8 tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports attained the peak of 4.3 tons, and then shrank in the following year.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s shrank modestly to $27K in 2022. In general, imports showed a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.4% against the previous year.

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

1. Sweden (2986.0 kg)
2. China (410.0 kg)
3. Austria (248.0 kg)
4. Taiwan (Chinese) (54.0 kg)

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

In 2022, exports of yarn; of hemp (cannabis sativa l.)s from Denmark soared to 698 kg, increasing by 110% against the year before. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s skyrocketed to $6.3K in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 414% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. United Kingdom (668.0 kg)
2. Norway (18.0 kg)
3. Greenland (12.0 kg)

Source: IndexBox Market Intelligence Platform