Key Market Indicators
Russian hemp production is projected to climb to 4,370 metric tons by 2028, up from approximately 3,380 metric tons in 2023. This growth represents an average annual increase of 4%. Since 1997, Russia's hemp supply has consistently risen, boasting an average year-on-year growth rate of nearly 10%. As of 2023, Russia holds the second spot globally in hemp production. China leads the rankings with an output identical to Russia's 2023 figure of 3,380 metric tons. Following Russia, Chile and Ukraine secure the third and fourth positions, respectively, in global hemp production.
