From 2013 to 2023, the import value of metal sawing or cutting-off machines to France fluctuated with no substantial long-term growth or decline. The import value was $30.27 million in 2013 and decreased to $28.507 million in 2023. Major year-on-year variations included a notable drop of 17.6% in 2020 and an increase of 19.63% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was -1.05%.
Looking forward, the forecast from 2024 to 2028 suggests a continuing slight decline with a forecast CAGR of -0.59% and a predicted import value of $27.469 million by 2028.
Future trends to monitor:
- Technological advancements in metal cutting machinery that could influence import needs.
- France’s industrial policy changes impacting the demand for imported machinery.
- Global economic conditions that may affect France's import capacities and requirements.