The forecast for the import of flax yarn multiple (folded) or cabled to France from 2024 to 2028 indicates a consistent decline in value, starting at $1.4392 million in 2024 and decreasing to $1.301 million by 2028. Over the forecast period, the compound annual growth rate (CAGR) suggests an average annual decline. This trend highlights a potential shift in demand or sourcing strategies in the French market. In 2023, the import value stood above this forecasted range, accentuating the predicted downturn.
Future trends to watch for include:
- Shifts in global trade policies or tariffs affecting textile imports.
- Technological advancements in textile manufacturing that might influence demand.
- Changes in consumer preferences towards sustainable and locally sourced materials.