The forecasted hemp harvested production in Austria shows a steady growth from 2.72 thousand metric tons in 2024 to 2.96 thousand metric tons in 2028. The production in 2023 stood at 2.66 thousand metric tons. Year-on-year variations highlight an average increase of approximately 2% annually. Observing the cumulative annual growth rate (CAGR) from 2024 to 2028, there’s a consistent upward trend reflecting a healthy industry expansion.
Future trends to watch for include potential impacts from agricultural policy changes, advancements in hemp farming technology, and shifts in market demand for hemp-derived products such as CBD and industrial hemp applications. This could influence both the volume of production and the economic viability of hemp cultivation in Austria.
