The import of iron or non-alloy steel bar and rod of free cutting steel to France is projected to decline consistently from 2024 to 2028. The year-on-year percentage change shows a decreasing trend: 2025 is expected to see a reduction of around 6.24%, followed by a 6.51% drop in 2026, 6.83% in 2027, and 7.14% in 2028. The compound annual growth rate (CAGR) stands at approximately -7.98% from 2024 to 2028, indicating a steady decrease in the volume of imports over the forecast period. As of 2023, the actual import volume was higher, but exact values are not provided for this analysis.
Future trends to watch for include:
- Potential shifts in domestic production policies in France that could further impact import volumes.
- Changes in global demand for steel, which could influence import dynamics and pricing.
- Economic factors such as trade relations with major steel-exporting countries that may affect import strategies.
- Technological advancements in steel production and recycling that could alter the import landscape.