In 2023, France imported raw or retted true hemp fiber worth an estimated amount not specified here. Starting from 2024, projections show a consistent upward trend in imports, beginning at approximately 141.27 thousand US dollars and reaching 162.67 thousand by 2028. The year-on-year increase ranges around 3-4% from 2024 to 2028. Furthermore, analyzing the compound annual growth rate (CAGR) from 2024 to 2028, the average annual growth is forecasted at around 3.5%.
Future trends to watch in this market include:
- Regulatory developments: Potential changes in EU and French regulations regarding hemp usage could significantly impact import levels.
- Market demand: Increased use of hemp in sustainable products and textiles might drive higher imports.
- Technological advancements: New processing technologies could impact the efficiency and cost of hemp production and importation.