In 2023, the re-import of true hemp to France stood at a specified baseline from which future forecasts diverge. From 2024 to 2028, a declining trend is evident. The year-on-year decreases in forecasted values suggest a steady decline in the re-import value, with the most significant drop anticipated between 2027 and 2028. Cumulatively, this represents a compound annual growth rate (CAGR) showcasing consistent contraction over this period, reflecting a broader trend of diminishing returns in this sector.
Future trends to watch for include:
- Sustainability pressures influencing hemp sourcing and its market dynamics.
- Regulatory changes affecting import logistics and costing structures.
- Technological advancements in hemp processing that could alter demand.
- Potential shifts in consumer preference towards locally-sourced alternatives.
