The tow waste hemp yield in Spain has shown significant fluctuations over the past decade, with yields varying widely. In 2023, the yield stood at 26.21 thousand hectograms per hectare, marking a modest year-on-year increase of 0.54%. Over the last five years, the compound annual growth rate (CAGR) has been approximately -13.32%, indicating a declining trend despite some intermittent gains.
Future trends to watch for:
- The predicted average yearly increase over the next five years is 0.42%, suggesting very slow future growth.
- Late-year projections to 2028 indicate only a slight rise in yield to 26.89 thousand hectograms per hectare, consistent with a low forecasted 5-year CAGR of 0.42%.
Monitoring these trends will be crucial, especially considering potential market developments and fluctuations in agricultural outcomes.
