The historical data from 2013 to 2023 indicates a consistent decline in ferroalloys production in France, with a significant drop in 2020 due to the COVID-19 pandemic. In 2023, the production stood at 174.31 thousand metric tons, representing a 5.92% decrease from the previous year, and an average annual decline (CAGR) of 5.51% over the last five years.
Looking ahead, the forecasted data from 2024 onwards continues this downward trend, projecting a production of 116.98 thousand metric tons by 2028. This reflects a forecasted average annual decline (CAGR) of 6.33% over the next five years, culminating in a cumulative decrease of 27.9% by 2028.
Future trends to watch for include potential technological advancements in ferroalloys production, shifts in global demand, and new regulatory policies that could impact production levels in France. Additionally, economic recovery post-pandemic and the effects of geopolitical factors should be closely monitored.
