China's hemp seed production has seen significant variability from 2013 to 2023. In 2023, the production value stood at 99.73 thousand metric tons. Over the last two years, production demonstrated modest growth with year-on-year increases of 4.03% in 2022 and 3.8% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is -1.25%, indicating a slight overall decline in production over the period. From 2013 to 2023, production has fluctuated with instances of both sharp increases and decreases.
Future trends to watch for include:
- Steady, modest growth with a forecasted 5-year CAGR of 2.53%.
- Technological advancements in cultivation and harvesting.
- Government policies and market demand impacting production levels.
