The import of true hemp fibre to France is forecasted to follow a slightly declining trend from 2024 to 2028. From 2024 to 2028, anticipated imports are expected to decrease from 207.42 to 204.38 thousand kilograms, representing a year-on-year reduction between 0.4% and 0.5%. In 2023, actual data indicated a higher volume than projected levels for 2024, continuing this decreasing pattern into future years. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a consistent negative trend in hemp imports.
Future trends to watch for include:
- Potential impacts of regulatory changes on hemp imports.
- Shifts in demand for sustainable materials which may affect volume fluctuations.
- Technological advancements in fiber processing affecting import volumes.