The global market for True Hemp Yarn imports is led by the United States, which holds the largest share at 38.84%, followed by India (16.44%) and South Korea (11.78%). Notable changes in the past year include strong growth in markets such as Greece (75.55%), Peru (269.79%), and Azerbaijan (110.92%). Conversely, significant declines were observed in Spain (-22.27%), Germany (-49.48%), and China (-24.71%). The Compound Annual Growth Rate (CAGR) over the last five years illustrates a mixed trend with varied growth and contraction among different countries.
Future trends to watch for include continuous monitoring of emerging markets like Peru, Azerbaijan, and Greece, which show potential for increased imports. Conversely, stagnating or declining markets such as China and Germany may impact overall global dynamics. The economic conditions, trade policies, and innovations in hemp yarn production may significantly influence these trends.
Top countries in Import of True Hemp Yarn Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 38.84 | 2023 | +3.3% | +9.57% | View data |
| 2 | 2 India | 16.44 | 2023 | +6.57% | +1.25% | View data |
| 3 | 3 South Korea | 11.78 | 2023 | +1.47% | -0.16% | View data |
| 4 | 4 Italy | 11.08 | 2023 | +1.61% | -2.01% | View data |
| 5 | 5 Canada | 5.04 | 2023 | +4.11% | +3.45% | View data |
| 6 | 6 Japan | 4.95 | 2023 | +0.28% | -0.021% | View data |
| 7 | 7 Netherlands | 3.55 | 2023 | +1.61% | +2.9% | View data |
| 8 | 8 France | 3.46 | 2023 | -1.11% | -1.17% | View data |
| 9 | 9 Belgium | 2.77 | 2023 | -6.15% | -6.33% | View data |
| 10 | 10 Austria | 2.28 | 2023 | +1.01% | +0.66% | View data |
