In 2023, Spain's hemp yield stood at 2.25 metric tons per hectare. Forecasted data shows a progressive increase from 2024 onwards, with yields reaching 2.57 metric tons per hectare by 2028. Year-on-year, the yield is expected to grow by approximately 3.4% in 2025, 2.5% in 2026, 2.4% in 2027, and 1.6% in 2028. The CAGR for the period from 2023 to 2028 is projected to be about 2.68% annually.
Trends to watch:
- Technological advancements in hemp cultivation
- Regulatory changes affecting hemp production
- Market demand for hemp-derived products
- International competition and trade policies
