In 2023, imports of raw or retted true hemp fiber to Canada were valued at 25.16 thousand USD. From 2024 to 2028, there is a forecasted year-on-year decline in import values, decreasing from 22.43 to 11.69 thousand USD. This reflects a steady drop, with a compound annual growth rate (CAGR) of -12.13% over the five-year period.
Future trends to watch for:
- Potential shifts in global hemp supply and production.
- Changes in Canadian regulatory and policy environment regarding hemp imports.
- Emerging demand from industries focused on sustainable materials.
