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

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

The average import price for yarn; of hemp (cannabis sativa l.)s stood at $11,433 per ton in 2022, waning by -19.7% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $38,520 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 France ($34,483 per ton), while the price for China ($3,312 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 356 kg of yarn; of hemp (cannabis sativa l.)s were imported into Morocco; with a decrease of -12.5% on 2021. Overall, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 80%.

In value terms, imports of yarn; of hemp (cannabis sativa l.)s contracted markedly to $4.1K in 2022. In general, imports showed a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 79% against the previous year.

Import of Yarn; of Hemp (Cannabis Sativa L.) in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1.0	0.1	2.0	2.0	26.0%
France	1.9	2.0	1.7	1.0	-19.3%
China	0.3	0.5	0.5	0.7	32.6%
Germany	1.4	0.2	0.2	0.2	-47.7%
Spain	0.5	0.3	0.3	0.1	-41.5%
Netherlands	0.9	0.3	0.6	N/A	-18.4%
Romania	7.9	N/A	N/A	N/A	0%
Others	N/A	N/A	0.5	N/A	0%
Total	14.0	3.2	5.8	4.1	-33.6%