The forecast for the re-import of true hemp fibre otherwise processed but not spun to France indicates a declining trend from 2024 to 2028. Valued at $5.79 thousand in 2024, the projected decrease shows an annual drop averaging a 17.3% Compound Annual Growth Rate (CAGR) over the five-year period, concluding at $2.13 thousand in 2028. In 2023, the value stood higher, highlighting a consistent downward trajectory likely driven by decreases in demand or shifts in agricultural or trade policies.
Future trends to watch for include:
- Shifts in global hemp production and trade policies that may influence import patterns.
- Technological advancements in hemp processing that could affect market dynamics.
- Changing consumer preferences and sustainable practices reshaping the demand for hemp-based products.