Key Market Indicators
Chilean hemp production is on a steady upward trajectory, projected to reach approximately 1,670 metric tons by 2028. This marks a modest annual growth rate of 0.7% from its current level of 1,600 metric tons in 2023. Since 1966, Chile's hemp supply has experienced a consistent year-on-year increase of around 1%. In the global ranking for 2023, Chile holds the third position. Russia has recently overtaken Chile with its production also at 1,600 metric tons, positioning it at number two. Following Russia and Chile, Ukraine occupies the fourth spot in the ranking. The steady growth in Chilean hemp production reflects the country's ongoing commitment to enlarging its presence in the global hemp market.
