Forecast: Turnover in Manufacture of Basic Iron and Steel Sector in France

Between 2013 and 2023, the turnover in the Manufacture of Basic Iron and Steel sector in France has experienced notable fluctuations. The sector showed a decline from 2013 to 2016, followed by a significant recovery in 2017 and 2018. However, from 2019 onward, the trend has largely been downward again. The turnover stood at 16.58 Billion Euros in 2023.

Year-on-year variations have shown substantial changes, with periods of both sharp declines and significant recoveries. For instance, notable decreases occurred in 2015, 2016, and 2020, while 2017 and 2018 witnessed strong growth. Recent years (2021 and 2022) showed moderate growth leading up to a minor increase in 2023.

For the forecast period from 2024 to 2028, the turnover is expected to continue its decline, with a Compound Annual Growth Rate (CAGR) of -3.05%, resulting in a decrease of approximately 14.33% over the five years.

In terms of future trends to watch for, stakeholders should monitor global steel demand, fluctuating raw material costs, and advancements in steel manufacturing technology. Additionally, shifts towards sustainable manufacturing practices may present both challenges and opportunities in the sector.