The forecast for Italy's import of raw or retted true hemp fibre from 2024 to 2028 shows a continuous decline from 56.95 thousand USD to 34.7 thousand USD. Comparing 2024 to 2023, imports are expected to drop further from the 2023 level, which was higher than 56.95 thousand USD. Year-on-year, the changes are predicted to be: -10.05% in 2025, -11% in 2026, -12.07% in 2027, and -13.43% in 2028, illustrating a consistent downturn. The compound annual growth rate (CAGR) over these years is expected to show a negative trend, reflecting the declining interest or demand for hemp fibre imports in Italy.
Future Trends to Watch For:
- Monitor changes in global production and supply chain disruptions affecting hemp fibre imports.
- Track domestic policy shifts concerning sustainable materials and their impact on demand.
- Observe substitution effects from the rise in alternative fibres and materials.
- Evaluate emerging technologies in agriculture and processing that may influence costs and imports.