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

Contents:

1. Price for Yarn; of Hemp (Cannabis Sativa L.) in India (CIF) - 2023
2. Price for Yarn; of Hemp (Cannabis Sativa L.) in India (FOB) - 2022
3. Imports of Yarn; of Hemp (Cannabis Sativa L.) in India
4. Exports of Yarn; of Hemp (Cannabis Sativa L.) in India

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

In November 2023, the average import price for yarn; of hemp (cannabis sativa l.)s amounted to $16,273 per ton, rising by 31% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 47% month-to-month. The import price peaked at $20,591 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($16,444 per ton), while the price for Nepal stood at $13,375 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Nepal (+4.8%).

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

The average export price for yarn; of hemp (cannabis sativa l.)s stood at $12,790 per ton in 2022, surging by 18% against the previous year. In general, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 615%. Over the period under review, the average export prices reached the maximum at $19,995 per ton in 2020; however, from 2021 to 2022, 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 the United States ($30,500 per ton), while the average price for exports to Turkey ($5,762 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+94.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was decline in overseas purchases of yarn; of hemp (cannabis sativa l.)s, when their volume decreased by -1.3% to 304 tons. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of 308 tons, and then contracted modestly in the following year.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s soared to $4M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. China (295.6 tons)
2. Nepal (8.2 tons)

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

After three years of growth, shipments abroad of yarn; of hemp (cannabis sativa l.)s decreased by -89.8% to 485 kg in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,468% against the previous year. As a result, the exports reached the peak of 4.8 tons, and then shrank sharply in the following year.

In value terms, exports of yarn; of hemp (cannabis sativa l.)s contracted remarkably to $6.2K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,291%. As a result, the exports attained the peak of $52K, and then dropped sharply in the following year.

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

1. Bangladesh (304.0 kg)
2. Sri Lanka (86.0 kg)
3. Turkey (42.0 kg)
4. United States (40.0 kg)
5. United Kingdom (3.0 kg)

Source: IndexBox Market Intelligence Platform