The forecast for hemp seed gross production in Chile shows a consistent but modest growth from 2024 to 2028. The production value is expected to increase from 2.52 million US Dollars PPP in 2024 to 2.57 million US Dollars PPP by 2028. In comparison to the previous years, there is a slight annual increase, indicating a stable market growth. The year-on-year variation from 2024 to 2028 remains steady with minor increments.
Historical data from 2023 demonstrates production at 2.51 million US Dollars PPP. Over the last two years, there has been a gradual rise, reflecting favorable conditions for hemp seed production. The Compound Annual Growth Rate (CAGR) over the five-year period indicates a slight upward trend, confirming a sustainable growth pattern in the market.
Future trends to watch for include:
- Potential regulatory changes impacting hemp cultivation.
- Technological advancements in agricultural practices.
- Fluctuations in global demand for hemp-derived products.