Between 2013 and 2023, France's import of aircraft, spacecraft, and satellites showed significant fluctuations. Starting at $14.034 billion in 2013, the value declined steadily to $4.2527 billion in 2023. The year-on-year variations indicate occasional increases, such as in 2019, but the overall trend is downward. Particularly notable is the steep decline from 2017 to 2018. Over the past two years, imports decreased by 6.64% in 2023 and 1.42% in 2022. The compound annual growth rate (CAGR) was –1.19% over the last 5 years.
Looking forward, the forecasts indicate a continuing decline in imports, with the value expected to fall to $2.6574 billion by 2028. This corresponds to a forecasted 5-year CAGR of –7.4%, projected to contribute to an overall decrease of about 32% over this period.
Factors to monitor in future trends include technological advancements, geopolitical influences, and global economic conditions, which could either mitigate or exacerbate the downward trajectory of imports in this sector.
