Global Hemp Trends in 2024
Hemp is part of Natural Fiber and includes a number of sub-sectors such as Hemp Fiber. You may also be interested in Wool.
Global hemp production is projected to decline, reaching approximately 81,600 metric tons by 2028. This figure represents a decrease from the current 91,000 metric tons in 2023, translating to an annual compound growth rate (CAGR) drop of 1.7%. Historical data indicates a downward trend in global supply, with a yearly decline of 3.8% since 1966. Despite this, China remains the world leader in hempseed production, boasting around 99,700 metric tons in 2023. Close contenders in the global ranking include Russia, Chile, and Ukraine, occupying the second, third, and fourth positions, respectively. Notably, Russia has shown a significant year-on-year increase of 9.8%, whereas China's production has slightly decreased by 1.3% annually since 1966.
Top 10 countries
In 2024 major markets in the Hemp Industry were:
World Hemp Market Data and Forecasts
World Hemp Top Rankings
Global Hemp Statistics
- Textile Fiber Import 186 countries (Africa, Asia, Sub-Saharan Africa...)
- Hemp Import 163 countries (Africa, Sub-Saharan Africa, Latin America...)
- Textile Fiber Export 144 countries (Europe, Asia, Eastern Europe...)
- Hemp Export 88 countries (Europe, Southern Europe, North America...)
- Hemp Production 36 countries (Europe, Eastern Europe, East Asia...)
- Fabric Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Fabric Export 183 countries (Asia, Europe, Middle East...)
- Hemp Yield 36 countries (Europe, Eastern Europe, Western Europe...)
- Fabric Production 40 countries (Europe, Southern Europe, Western Europe...)
- Hemp Producer Price 8 countries (Eastern Europe, Europe, Ukraine...)