In 2023, the sold production of hot-rolled round bars of stainless steel in France stood at a notably higher level than the forecasted figures for 2024 and beyond. The projected decline begins in 2024 with a 1.55% decrease from 2023. This trend continues with year-on-year declines of 1.55% in both 2025 and 2026, followed by decreases of 1.57% in 2027 and 1.58% in 2028. The compound annual growth rate (CAGR) over this five-year period indicates an average annual decrease of 1.56%, suggesting a steady downtrend in sales.
Future trends to watch for include:
- Potential impacts of technological advancements on production efficiency.
- Economic conditions influencing domestic demand and export opportunities.
- Policy changes affecting industrial usage of stainless steel.
- Emerging competition from global markets that could affect local production volumes and values.
