The turnover in France's precious metals and non-ferrous metals manufacturing sector has exhibited a declining trend, falling from 7.35 billion euros in 2013 to 5.91 billion euros in 2023. This sector saw noticeable fluctuations; gains in 2014 and 2015 were followed by a significant decline in 2019 and 2020. As of 2023, the turnover further declined by 2.37% year-over-year. Looking at the CAGR from 2018 to 2023, the sector experienced an average annual contraction of 4.77%. Such trends indicate a shrinkage in the market.
Future forecasted data suggests this downward trend is expected to continue, with anticipated turnover diminishing to 4.39 billion euros by 2028. The forecasted CAGR over the next five years is expected to be -4.77%, resulting in an estimated overall decline of 21.67% from 2023 to 2028.
Future trends to watch for include:
- Technological advancements reducing production costs
- Government policies and regulations impacting the sector
- Shifts in global demand for non-ferrous and precious metals
- Economic conditions influencing metal prices
- Sustainability and recycling efforts in the industry
