The forecast for the import of True Hemp to China shows a consistent decline from $46.61 thousand in 2024 to $44.06 thousand by 2028. This indicates a negative year-on-year trend, averaging a decline of approximately 1% per year. The compound annual growth rate (CAGR) over the five-year period highlights this as a steady downward trajectory. In 2023, the value was higher than the projected figures, underscoring a continual decrease.

Future trends to watch include:

Shifts in global hemp supply chains that could impact prices and availability.
Changes in China’s domestic hemp production capacity and policy regulation.
Potential fluctuations in global demand for hemp, particularly in sectors like textiles and biocomposites.