The United States leads the global import of true hemp yarn with a notable value, and a healthy year-on-year growth of 9.57% over 2023, emphasizing its strong demand. India and South Korea follow, with mixed growth rates of 1.25% and -0.16%, respectively. Noteworthy growth is seen in Greece at 75.55%, and Peru significantly spiked with 269.79%, highlighting their emerging interest. Conversely, Germany experienced a substantial decline at -49.48%, while Belgium also saw a drop of -6.33%. China's import dropped by -24.71% amid varied global trends, indicating a shift towards selective importing. Despite these fluctuations, countries like Czech Republic and Malta show significant gains and potential stability.
Future trends in global true hemp yarn imports may see increased interest from eco-conscious markets and regions experiencing textile innovation. Potential growth can be anticipated from countries enhancing industrial applications of hemp. The fluctuations reflected in traditional markets underscore the importance of tracking emerging players and changes in consumer demand. Monitoring legislation changes affecting hemp production and trade in different regions will be crucial to understand future market dynamics.
Top countries in Import of True Hemp Yarn by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,107,300 | 2023 | +3.3% | +9.57% | View data |
| 2 | 2 India | 891,820 | 2023 | +6.57% | +1.25% | View data |
| 3 | 3 South Korea | 639,170 | 2023 | +1.47% | -0.16% | View data |
| 4 | 4 Italy | 601,020 | 2023 | +1.61% | -2.01% | View data |
| 5 | 5 Canada | 273,360 | 2023 | +4.11% | +3.45% | View data |
| 6 | 6 Japan | 268,460 | 2023 | +0.28% | -0.021% | View data |
| 7 | 7 Netherlands | 192,780 | 2023 | +1.61% | +2.9% | View data |
| 8 | 8 France | 187,600 | 2023 | -1.11% | -1.17% | View data |
| 9 | 9 Belgium | 150,040 | 2023 | -6.15% | -6.33% | View data |
| 10 | 10 Austria | 123,720 | 2023 | +1.01% | +0.66% | View data |
