| Product Code: ETC6155985 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Armenia hemp market witnessed a significant import trend from 2023 to 2024, with a growth rate of 80.0%. The compound annual growth rate (CAGR) for imports between 2020 and 2024 also stood at 80.0%. This surge in imports can be attributed to a notable shift in demand for hemp products within the market, indicating a strong import momentum driven by evolving consumer preferences and market dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Hemp Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Hemp Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Hemp Market - Industry Life Cycle |
3.4 Armenia Hemp Market - Porter's Five Forces |
3.5 Armenia Hemp Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Armenia Hemp Market Revenues & Volume Share, By Source, 2022 & 2032F |
3.7 Armenia Hemp Market Revenues & Volume Share, By Consumer Age Group, 2022 & 2032F |
3.8 Armenia Hemp Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Armenia Hemp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and acceptance of the health and wellness benefits of hemp products |
4.2.2 Favorable government regulations supporting the cultivation and sale of hemp products |
4.2.3 Growing demand for sustainable and eco-friendly products in Armenia |
4.3 Market Restraints |
4.3.1 Limited consumer awareness and education about hemp products |
4.3.2 Lack of standardized regulations and quality control measures in the hemp industry in Armenia |
5 Armenia Hemp Market Trends |
6 Armenia Hemp Market, By Types |
6.1 Armenia Hemp Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Hemp Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Armenia Hemp Market Revenues & Volume, By Hemp Seed, 2022-2032F |
6.1.4 Armenia Hemp Market Revenues & Volume, By Hemp Seed Oil, 2022-2032F |
6.1.5 Armenia Hemp Market Revenues & Volume, By CBD Hemp Oil, 2022-2032F |
6.1.6 Armenia Hemp Market Revenues & Volume, By Others, 2022-2032F |
6.2 Armenia Hemp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Armenia Hemp Market Revenues & Volume, By Conventional, 2022-2032F |
6.2.3 Armenia Hemp Market Revenues & Volume, By Organic, 2022-2032F |
6.3 Armenia Hemp Market, By Consumer Age Group |
6.3.1 Overview and Analysis |
6.3.2 Armenia Hemp Market Revenues & Volume, By 18-24, 2022-2032F |
6.3.3 Armenia Hemp Market Revenues & Volume, By 25-34, 2022-2032F |
6.3.4 Armenia Hemp Market Revenues & Volume, By 35-44, 2022-2032F |
6.3.5 Armenia Hemp Market Revenues & Volume, By 45-54, 2022-2032F |
6.3.6 Armenia Hemp Market Revenues & Volume, By 55-64, 2022-2032F |
6.3.7 Armenia Hemp Market Revenues & Volume, By Above 65, 2022-2032F |
6.4 Armenia Hemp Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Armenia Hemp Market Revenues & Volume, By Personal Care Product, 2022-2032F |
6.4.3 Armenia Hemp Market Revenues & Volume, By Textiles, 2022-2032F |
6.4.4 Armenia Hemp Market Revenues & Volume, By Pharmaceuticals, 2022-2032F |
6.4.5 Armenia Hemp Market Revenues & Volume, By Construction & Materials, 2022-2032F |
6.4.6 Armenia Hemp Market Revenues & Volume, By Others, 2022-2032F |
7 Armenia Hemp Market Import-Export Trade Statistics |
7.1 Armenia Hemp Market Export to Major Countries |
7.2 Armenia Hemp Market Imports from Major Countries |
8 Armenia Hemp Market Key Performance Indicators |
8.1 Number of new hemp product launches in Armenia |
8.2 Percentage of consumers who perceive hemp products as beneficial |
8.3 Growth in the number of hemp cultivation licenses issued in Armenia |
9 Armenia Hemp Market - Opportunity Assessment |
9.1 Armenia Hemp Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Armenia Hemp Market Opportunity Assessment, By Source, 2022 & 2032F |
9.3 Armenia Hemp Market Opportunity Assessment, By Consumer Age Group, 2022 & 2032F |
9.4 Armenia Hemp Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Armenia Hemp Market - Competitive Landscape |
10.1 Armenia Hemp Market Revenue Share, By Companies, 2025 |
10.2 Armenia Hemp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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