In 2023, the import value of raw or retted true hemp fiber to the US was approximately $145.30 thousand. From 2024, projections indicate a steady year-on-year growth in import values, with an increase of around 1.5% annually through 2028. The 5-year compound annual growth rate (CAGR) over this period is approximately 1.41%, signaling a consistent upward trend likely driven by increased demand for sustainable materials and advancements in hemp processing technologies.

Future trends to watch:

Policy changes regarding hemp cultivation and import regulations.
Increased investment in hemp-based product innovations.
Shifts in consumer preferences towards eco-friendly materials, which may further boost demand.