The import of agricultural, horticultural, or forestry machinery to France has seen notable fluctuations from 2013 to 2023. The value stood at 670.66 million US dollars in 2023. From 2013 to 2016, there was a declining trend, reaching a low in 2016. This was followed by a recovery phase from 2017, culminating in a positive variation of 1.64% in 2023. Over the last two years (2021-2023), the imports increased gradually with year-on-year variations of 1.7% and 1.64%. The average annual growth rate (CAGR) over the last five years stood at approximately 0.67%.
Looking forward, the forecasted data suggests a steady growth trend with a forecasted CAGR of 1.16% from 2024 to 2028, indicating a moderate but consistent increase. This points to a longer-term stabilizing trend with an estimated growth rate of 5.93% over the next five years. Future trends to watch for include potential technological advancements, shifts in agricultural practices, and changes in trade policies that could influence the import dynamics.
