The forecast shows a consistent decline in the import value of woven fabrics of flax to France from 2024 to 2028. In 2023, the import value stood at approximately 19.18 million US Dollars. The projections indicate a year-on-year decrease, with significant reductions each year: -9.6% for 2025, -10.4% for 2026, -11.4% for 2027, and -12.6% for 2028. Over the 5-year forecast period, the compound annual growth rate (CAGR) is about -9.9%, signifying an average annual decrease.
Future trends to watch for:
- Shifts in global flax supply and demand dynamics due to changes in agricultural outputs.
- Developments in flax fabric alternatives and changes in consumer preferences towards sustainable materials.
- Economic factors and trade policies that could influence import costs and purchasing power in France.
