The forecast for Japan's import of true hemp fiber, measured in thousand US dollars, shows a gradual increase from 2024 to 2028. In 2023, the value stood at 448.0. Starting from 451.69 in 2024, the imports are expected to rise consistently, reaching 466.41 in 2028. This represents a consistent year-on-year increase of around 0.8% to 1% for each of these years. Observing a compounded annual growth rate (CAGR) suggests an average increase of approximately 0.8% over the last five years.
Future trends to watch for include global shifts in hemp product demand and potential changes in trade policies. Monitoring these factors will be crucial to forecasting accurately in coming years.
