The forecast for the import of crushed or ground pepper of the genus Piper to France shows a steady increase from 2024 to 2028, starting at $21.75 million in 2024 and reaching $22.649 million by 2028. By comparing these forecast values with the previous actual data for 2023, we can see persistent growth.
The year-on-year growth rates from 2024 to 2028 indicate consistent annual increases, with the compound annual growth rate (CAGR) over these five years reflecting strong and gradual upward movement in import value. Look at a continuation of this upward trend, influenced by factors such as global market conditions, consumption patterns in France, and potential changes in trade policies or production levels globally.
Future trends to watch:
- Emerging consumer preferences and shifts in dietary habits in France, potentially increasing demand for spices.
- Global supply chain dynamics that could impact the availability and price of Piper species.
- Regulatory changes in France or within the European Union regarding food imports and quality standards.