The gross production of hemp seeds in South America is forecasted to see modest incremental increases over the next five years, from $2.53 million USD PPP in 2024 to $2.57 million USD PPP by 2028. When compared to 2023, this suggests a steady, albeit slow, growth rate. The year-on-year variation between 2024 and 2028 shows consistent slight increments of approximately 0.4% annually. The Compound Annual Growth Rate (CAGR) displays a minimal average annual increase, maintaining a steady trend over this five-year forecast period.
Future trends to watch for include changes in regulatory frameworks, market demand for hemp-based products, advancements in agricultural practices, and potential new market entrants. These factors could significantly impact the forecast and actual production values.
