Based on the provided data, the import of True Hemp Yarn to Switzerland is forecasted to decline steadily from 2024 to 2028. In 2023, the volume stood at 2.84 thousand kilograms. The year-on-year variation for the last two years indicates a reduction of 11.27% from 2023 to 2024, and a 12.75% decrease from 2024 to 2025. This declining trend is expected to continue: 14.16% from 2025 to 2026, 15.96% from 2026 to 2027, and 18.99% from 2027 to 2028. The average compound annual growth rate (CAGR) over the next five years is projected to be -13.63%, pointing to a consistent contraction in volume.
Future trends to watch for:
- Changes in agricultural policies and tariffs affecting true hemp yarn production and imports.
- Technological advances in textile manufacturing that may affect demand for true hemp yarn.
- Shifts in consumer preferences towards sustainable and eco-friendly materials, potentially impacting hemp yarn's market demand.
