The import volume of precision tubes and pipes, welded, with a circular cross-section and external diameter less than 406.4 mm of steel other than stainless steel to France is projected to gradually decline from 2024 to 2028. Starting at 76.828 million kilograms in 2024, forecasts suggest a downward trend, reaching 75.137 million kilograms by 2028. This trend reflects a consistent, though slight, annual decline of approximately 0.55% based on past two-year trends. In 2023, the imports had been slightly higher, supporting a forecasted continuous decrease over the subsequent five years, with a compound annual growth rate (CAGR) signifying a contraction pattern.
Trends to watch include potential shifts in global steel demand and supply dynamics, evolving trade policies regarding steel, and technological advances in manufacturing that might affect production costs or material preferences. Additionally, environmental regulations pushing for reduced carbon emissions could influence material choices and impact imports.
