The forecast for bitumen imports to France indicates a steady increment from 2024 to 2028, with the value reaching 1.34 Million Tonnes of Oil Equivalent in 2028. In 2023, the import volume was recorded at 1.24 Million Tonnes of Oil Equivalent. Year-on-year changes suggest a consistent growth pattern, marked by approximately 1.56% annual increases. The five-year compound annual growth rate (CAGR) indicates an average annual growth rate in imports, reinforcing the trend of gradual expansion.
Future trends to watch for include:
- Potential fluctuations in global oil prices affecting import costs.
- Environmental regulations influencing demand for sustainable alternatives.
- Infrastructure developments increasing demand for bitumen.
- Technological advancements impacting production and import efficiencies.
