The production in the rubber products manufacturing sector in France has experienced significant fluctuations over the past decade. Actual data showed notable declines between 2013 and 2016, followed by a sharp increase in 2017 and 2019. The COVID-19 pandemic caused a drastic drop in 2020, with a partial recovery in subsequent years. By 2023, the sector stood at 7.74 billion euros, marking a 17.19% increase from 2022. However, the sector's CAGR over the last five years remained relatively flat at 0.64%, highlighting overall instability.
Future trends to watch for include:
• Continued moderate decline forecast between 2024 and 2028 with a projected average annual CAGR of -0.71%.
• Potential impacts of technological advancements, sustainability initiatives, and economic conditions on production efficiency and demand.
• Monitoring of global supply chains and geopolitical factors that could affect raw material availability and costs.
