The forecast for the import of true hemp fiber otherwise processed but not spun to the UK indicates a downward trend from 2024 to 2028, with values decreasing from 209.91 to 164.47 thousand US dollars. Based on the given data, the value in 2023 stood at a significantly higher amount, given that all values from 2024 onwards show a downward trend. Year-on-year, the imports are projected to decline by approximately 5.57% on average annually over the five-year period (CAGR).
Future trends to watch for include geopolitical factors impacting trade relations, fluctuations in global hemp demand driven by growing applications across industries, and UK government policies on hemp importation that could alter the current downward trajectory.
