The maize demand in France stood at 8.46 million metric tons in 2023. Analyzing historical data, the demand peaked at 10.29 million metric tons in 2017 but experienced a significant drop in 2018 to 8.43 million metric tons. From 2018 onwards, it continued a downward trend, although there was a minor fluctuation in 2019 with a 5.21% increase. The year-on-year variation has been predominantly negative since 2018, with a noticeable decline, leading to a negative 1.16% change in 2023. The compound annual growth rate (CAGR) reveals a declining trend over various periods, particularly a -1% forecasted CAGR from 2023 to 2028, indicating continued reductions in demand. The forecast suggests maize demand will decrease to approximately 7.94 million metric tons by 2028, reflecting a 4.92% drop over the next five years.
Future trends to watch for include potential impacts on maize production and consumption due to climate change, shifts in agricultural policy, the development of alternative crops, and changes in consumer dietary preferences. Monitoring these factors will be crucial for anticipating adjustments in maize demand.
