The forecasted import volume of seamless steel line pipes for oil or gas pipelines to France is expected to decrease from 18.663 million kilograms in 2024 to 10.512 million kilograms by 2028. This marks a significant decrease over the coming years, accentuated by a yearly decline in volume: 11.1% from 2024 to 2025, 12.3% from 2025 to 2026, 13.9% from 2026 to 2027, and 16.0% from 2027 to 2028. The compound annual growth rate (CAGR) for this five-year period is anticipated to reflect a downward trend in import volume.
Future trends to watch for:
- Global economic conditions impacting oil and gas industries.
- Technological advancements in pipeline materials and alternatives to steel.
- Environmental policies influencing fossil fuel related imports.
- Geopolitical factors affecting trade relations with steel exporting countries.
