Analysis

Canadian hemp seeds continued to soar but consumption in South Korea waned

Hemp Seed
Canada
Published Apr 26, 2021
Canada is the second-largest exporter of hemp seed in the world while the US is listed as the largest importer of the product with a value of 169.18M USD which is mostly dependent on Canada. Imports from the US market have been growing gradually and increasing over the last 3 years. Meanwhile, South Korean demand fell four years ago. The best figure was recorded in 2016 with total imports of 40.29M USD. Now South Korea is very dependent on Myanmar (Burma) but its value is very small compared to the 2016 period.
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