The import of true hemp to France has shown substantial fluctuations over the years. In 2013, the value stood at 225.16 thousand USD. Over the next few years, significant growth and declines were observed, with the highest import value reaching 482.27 thousand USD in 2015. From 2016 onwards, the import values gradually decreased, with occasional minor increments, until reaching 286.26 thousand USD in 2023. Notably, between 2018 and 2023, the values exhibited a slow and steady decline.
Analysis of year-on-year variations indicates dramatic growths and contractions over the past decade. The period from 2015 to 2016 saw a stark decline of 21.16%, while the year 2015 itself marked a substantial increase of 117.18%. Post-2019, the import values showed steady marginal declines. In 2023, the year-on-year variation was a slight decrease of 0.68%, with a 5-year CAGR of 3.74% indicating moderate growth after adjusting for earlier fluctuations.
The forecast for the coming years indicates a slight annual decline, with a 5-year projected CAGR of -0.57% from 2024 to 2028, suggesting a moderate, though persistent, decrease. By 2028, imports are predicted to slightly shrink to 276.05 thousand USD.
Future trends to watch for include:
- The impact of new regulations or trade policies in the hemp industry.
- Potential growth in domestic hemp production reducing import needs.
- Shifts in consumer demand for hemp-related products influencing import volumes.
