The import of true hemp fibre otherwise processed but not spun to Germany is projected to increase steadily from 2024 to 2028. Starting from $4.0332 million in 2024, it reaches $4.4575 million by 2028. The year-on-year growth rate is approximately 2.7%. A Compound Annual Growth Rate (CAGR) of about 2.5% is expected over the five-year period. In 2023, the import value was slightly lower, marking the beginning of this upward trend.
Future trends to watch for include:
- Potential policy changes in EU fiber import regulations.
- Market demand influenced by increasing sustainability trends.
- Technological advancements in processing equipment.
- Expansion in applications of hemp fiber across various industries.
