Based on the data from 2013 to 2023, France's hemp harvested production shows significant fluctuations. Starting from 48.26 Thousand Metric Tons in 2013, it peaked at 141.46 Thousand Metric Tons in 2021, reflecting a robust growth phase. However, post-2021, there were notable declines, culminating in a modest recovery by 2023 reaching 124.57 Thousand Metric Tons. Year-on-year variations were substantial, with the highest increase of 53.97% in 2017 and a sharp decline of -37.45% in 2019. The Compound Annual Growth Rate (CAGR) from 2013 to 2018 was an impressive 20.93%, but by 2023, it had dropped to -0.035% over the last five years.
Looking forward from 2024 to 2028, the forecast suggests moderate growth with a forecasted 5-year CAGR of 1.7%, and the total production is expected to rise to 138.64 Thousand Metric Tons by 2028, showing an 8.81% increase over five years.
Future trends to watch for include the impact of regulatory changes, technological advancements in hemp cultivation, and shifting market demand for hemp-based products. The overall moderate growth trend indicates a stabilized industry that may see more consistent performance with less volatility.
