Forecast: Import of True Hemp Fibre Otherwise Processed But Not Spun to Italy

In 2023, Italy imported 34.64 thousand kilograms of true hemp fiber otherwise processed but not spun. Forecasts for 2024 show a slight decrease to 31.81 thousand kilograms, marking a year-on-year decline of approximately -8.18%. The projected decline continues in subsequent years with imports expected to reach 28.56 in 2025, 25.38 in 2026, 22.26 in 2027, and 19.21 thousand kilograms in 2028. Year-on-year variations illustrate a consistent downward trend with respective decreases of -10.21%, -11.13%, -12.29%, and -13.71%. Over the five years, the Compound Annual Growth Rate (CAGR) is forecasted at approximately -11.07%.

Future trends to watch for include:

  • Potential shifts in regulatory policies favoring sustainable materials, potentially impacting demand.
  • Technological advancements in hemp processing and its diversification applications might alter consumption patterns.
  • Market competition from alternative fibers and their influence on the demand for hemp fiber imports.

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