Hemp seed gross production in Spain for 2023 stood at 1.75 million USD PPP, marking the last recorded actual value before transitioning into forecasted data. For 2024, the forecasted production value increases to 1.84 million USD PPP, showing a year-on-year growth of approximately 5.14%. This upward trajectory continues with forecasted values of 1.94 million USD PPP for 2025 (a 5.43% increase from 2024) and 2.03 million USD PPP for 2026 (a 4.64% increase from 2025). The trend remains positive, projecting gains to 2.12 million USD PPP in 2027 (4.43% increase from 2026) and reaching 2.21 million USD PPP in 2028 (4.25% increase from 2027). Over the five-year period, the compound annual growth rate (CAGR) stands at approximately 4.78%, indicating steady growth in hemp seed gross production in Spain.
Future trends to watch for include advancements in agricultural technologies, regulatory changes affecting hemp cultivation, and evolving market demand for hemp products. Monitoring these factors will be crucial for anticipating shifts in production and market dynamics.
