The hemp harvested production in Spain for 2024 is forecasted to be 720 metric tons, showing a steady growth compared to 2023's 710 metric tons. The forecast indicates a gradual increase in production volume with 730 metric tons for 2025, 740 metric tons for 2026, and 750 metric tons for both 2027 and 2028.
Year-on-year analysis indicates a growth of approximately 1.4% from 2023 to 2024, 1.39% from 2024 to 2025, 1.37% from 2025 to 2026, and a plateau at 750 metric tons from 2027 onwards.
The compound annual growth rate (CAGR) over the forecasted five-year period from 2024 to 2028 is around 1.36%, denoting a modest but stable increase in the production of hemp in Spain.
Future trends to watch for include advancements in agricultural practices that could further optimize hemp yield, regulatory changes impacting cultivation, and increasing global demand for industrial hemp which could influence production volumes in Spain.
