The production of cereals in France has experienced significant fluctuations over the past decade. In 2013, the value stood at 11.85 billion euros, declining to 8.0 billion euros by 2016. A notable recovery can be observed from 2017 onwards, with a peak at 17.11 billion euros in 2022. In 2023, the value slightly decreased to 16.91 billion euros. Year-on-year variations demonstrate considerable volatility, with a drastic drop in 2016 (-28.68%) and remarkable growth in 2021 (+55.16%). Over the last five years, a compounded annual growth rate (CAGR) of 9.74% highlights strong recent performance.
Future forecasts indicate a steady growth trajectory, with the value expected to reach 18.46 billion euros by 2028. This reflects a positive sentiment, with an average annual growth rate of 1.39% over the next five years and an overall increase of 7.14% from 2024 to 2028.
Future trends to watch for:
- Impact of climate change on crop yields and production consistency.
- Technological advancements in agriculture improving efficiency and output.
- Government policies and subsidies affecting agricultural economics.
- Shifts in consumer demand towards organic and sustainable products.
