The import of natural bitumen and asphalt to France stood at approximately 14.778 million USD in 2023. Based on the forecasted data, there's a clear downward trend in imports projected from 2024 to 2028. The year-on-year percentage variations show a decrease of around 4.03% from 2024 to 2025, 4.12% from 2025 to 2026, 4.20% from 2026 to 2027, and 4.30% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to decline by approximately 4.16%.
Future trends to watch for include:
- Changes in construction and infrastructure activities in France which could affect demand.
- Emerging alternatives to natural bitumen and asphalt in construction.
- Fluctuations in global oil prices which could influence the cost of natural bitumen.
- Government policies and environmental regulations impacting imports and usage of natural bitumen and asphalt.
