The forecast for imports of clasps and similar items incorporating locks of base metal to France reveals a consistent downward trend from 2024 to 2028, with quantities dropping from 94.09 thousand kilograms in 2024 to 47.55 thousand kilograms by 2028. In 2023, the import volume stood at an estimated 105.2 thousand kilograms.
Year-on-year percentage change indicates a reduction of approximately 12.75% in 2025, a further decline of about 14.33% in 2026, followed by decreases of 16.36% and 19.18% in 2027 and 2028, respectively. Over five years, the compound annual growth rate (CAGR) showcases a yearly average decline of around 15.05%.
Future trends to observe include evolving trade policies, advances in material technology leading to substitutes, and potential shifts in manufacturing hubs which could influence the base metal locks market dynamics.
