Key Market Indicators
Chinese hemp production is projected to surge to nearly 117,000 metric tons by 2028, up from approximately 100,000 metric tons in 2023. This represents an annual compound growth rate (CAGR) of 2.5%. Despite this anticipated growth, historical data indicates a downward trend since 1966, with Chinese hemp supply decreasing by an average of 1.3% each year. On the global stage, Russia, Chile, and Ukraine follow closely behind China, ranking second, third, and fourth respectively in hemp production.
