The forecast for the import of true hemp fibre to India shows a consistent upward trend from 2024 to 2028, with a gradual increase each year. The growth rate year-on-year is modest, indicating a stable rise in demand or usage within India. In 2023, the baseline stood lower than the forecasted 2024 figures, indicating a positive trajectory for the import volumes.

Future trends to watch for include:

The impact of domestic policy changes on hemp importation.
Advancements in domestic hemp production that might affect imports.
Changes in global market demand and supply dynamics influencing pricing and availability.
Technological advancements in hemp processing and usage, potentially increasing demand.