Based on the forecasted data, hemp production per hectare in China is expected to increase steadily from 7.14 thousand kilograms per hectare in 2024 to 8.05 thousand kilograms per hectare in 2028. In 2023, the production stood at 6.86 thousand kilograms per hectare. The year-on-year variation from 2024 to 2025 is approximately 3.4%, from 2025 to 2026 is around 3.1%, from 2026 to 2027 is about 2.9%, and from 2027 to 2028 is 2.8%. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is about 3.2%, indicating a moderate and consistent growth trend over the five-year period.
Future trends to watch for:
- Advances in agricultural technology and practices
- Policy changes and government initiatives supporting hemp production
- Market demand for hemp products both domestically and internationally
- Environmental factors and their impact on crop yields
