The import of oil seed, oleagic fruits, grain, and seed to France stood at $1.98 billion USD in 2023. Over the past decade, the trend has shown fluctuations with some significant variations happening year on year. The highest growth was noted in 2013 with a 30.79% increase, while several years saw declines, such as 2015 with an 11.97% decrease. The average annual growth rate (CAGR) over the past 5 years has settled at 2.34%, indicating modest growth. Future forecasts predict a steady upward trend, with imports projected to reach $2.1402 billion USD by 2028, supported by a 5-year forecast CAGR of 1.23%.
Future trends to watch for include:
- Potential supply chain disruptions which could impact import volumes and values.
- Shifts in international trade policies and tariffs affecting import dynamics.
- Changes in domestic agricultural production influencing import needs.
- Adoption of sustainable and organic farming practices globally that could alter supply.