From 2023 to 2028, the forecasted import value of raw or retted true hemp fiber to Germany shows a consistent upward trend. Specifically, the imports are expected to rise from $1.9673 million in 2024 to $2.2597 million in 2028, marking a steady year-on-year increase. Key observations include a growth pattern averaging approximately 2% per year, reflecting a modest but consistent demand increase.
Future trends to watch:
- Potential policy changes in the EU that could impact hemp import regulations.
- Technological advancements in hemp processing increasing market efficiency.
- Rising environmental consciousness possibly boosting demand for sustainable materials like hemp.