The forecast for the import of true hemp fibre, otherwise processed but not spun, to China shows a consistent decline from 2024 to 2028, starting at $19.6 thousand USD in 2024 and dropping to $17.24 thousand USD by 2028. Compared to previous years, this represents a decreasing trend, revealing a negative average annual growth rate (CAGR) over the five-year period. The data for 2023 would have provided a baseline for evaluation, but is not included.
Future trends to watch for include:
- Potential shifts in China's domestic production of hemp fibre which might affect import needs.
- Global changes in the demand and supply of hemp fibre, potentially influenced by environmental and sustainability movements.
- Regulatory changes in China or key exporting countries that could impact trade flows.