The Gross Value Added (GVA) for Land Transport and Pipeline Transportation in France has shown substantial variation over the past decade. Between 2013 and 2019, GVA demonstrated a generally positive trend, peaking in 2019. However, the COVID-19 pandemic caused a significant decline in 2020, dropping by nearly 13.67%. A recovery phase was evident in 2022, showing a notable increase of 13.35% year-on-year. As of 2023, the GVA stood at 48.3 Billion Euros, reflecting a 4.46% increase from the previous year. This period's overall Compound Annual Growth Rate (CAGR) from 2019 to 2023 is approximately 1.81%.
Looking forward, the forecasted data from 2024 to 2028 suggests a steady upward trajectory, with an annual CAGR of 1.18%, culminating in a GVA of 52.01 Billion Euros by 2028. This indicates a moderate but consistent growth rate, aligned with a forecasted 5-year growth rate of 6.02%.
Future trends to watch for include:
- Technological advancements in transportation logistics and pipeline infrastructure.
- Government policies and investments in sustainable transport solutions.
- Potential market disruptions or economic factors influencing the sector's growth.
- Impact of environmental regulations and the shift towards greener transportation methods.
