The import of true hemp to the US is projected to grow steadily from 2024 to 2028. Starting at $841.3 thousand in 2024, imports are expected to increase to $956.11 thousand by 2028. The year-on-year growth rate is consistent, with an average increase of approximately 3.2% annually. This trend indicates a compound annual growth rate (CAGR) for this period, suggesting a robust growth trajectory from 2024 onward. For context, imports stood at $818 thousand in 2023, providing a basis for this upward trend.

Future trends to watch for in the true hemp import market include:

Potential regulatory changes impacting hemp trade policies and restrictions.
Increasing demand for sustainable and natural fibers potentially driving higher import volumes.
Awareness and adoption of hemp-based products potentially influencing market dynamics and trade flows.