In 2023, the gross production of green peas in France stood at 165.23 million US Dollars PPP. Forecasted values from 2024 to 2028 show a steady incremental growth, with figures increasing from 165.54 million US Dollars PPP in 2024 to 166.91 million in 2028. This reflects a calculated compound annual growth rate (CAGR) of approximately 0.25% over the five-year forecast period.
Year-on-year growth is constant at about 0.21% to 0.22%, signaling a stable rise in production value. This modest growth provides a positive outlook, indicating steady demand and production capabilities.
Future trends to watch:
- Shifts in consumer preferences toward organic and sustainable agriculture could impact production practices and values.
- Potential policy changes and trade agreements within the EU affecting agricultural subsidies and exports.
- Advancements in agricultural technology could enhance yield and efficiency, further influencing production valuation.