In 2023, the import value of true hemp to Canada was approximately $90,000. The forecast for the years 2024 to 2028 indicates a downward trend in import value, with a compound annual growth rate (CAGR) of approximately -5.4% over this period. Year-on-year variations show a decline, with the value expected to decrease from $85.63K in 2024 to $68.23K in 2028.
Future trends to watch for:
- Potential changes in international trade policies affecting hemp imports.
- Shifts in domestic hemp production and demand dynamics.
- Evolving consumer preferences and market regulations surrounding hemp products.
