Hemp Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Hemp Industry

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 Import of True Hemp by Country
Global Tow Waste Hemp Gross Production by Country
Global Hemp Seed Production by Country
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Global Hemp Statistics

Global Hemp Industry Database