The import of True Hemp to Spain is forecasted to decline gradually from 2024 to 2028, with values moving from USD 2.3402 million in 2024 to USD 2.2531 million in 2028. In 2023, the import value stood higher than in subsequent years. When considering year-on-year variations, there's a consistent decline averaging around -0.93% annually. Over the last two years, the decline has been noticeable with cumulative negative changes. The Compound Annual Growth Rate (CAGR) over the five-year period is negative.
Future trends to watch include potential shifts in global hemp production impacting supply, changes in Spanish regulations on hemp, and fluctuations in demand from emerging markets or industries within Spain. These factors could influence the trending decline in imports.
