The forecast for the import of bars and rods of high-speed steel and silico-manganese steel to France shows a declining trend from 2024 to 2028. Starting at 1.2655 million kilograms in 2024, imports are projected to decrease progressively to 0.62323 million kilograms by 2028. Compared to the known value in 2023, the import is set to decline consistently each year, with a noticeable drop in 2025 (12.9%) and continuing to reduce at varying rates. The Compound Annual Growth Rate (CAGR) over the five-year period indicates a negative overall trend, highlighting a shrinking demand for these steel products in France.
Future trends to watch:
- Impact of global steel supply chain shifts and their influence on French imports.
- Potential advancements in alternative materials or technologies diminishing steel demand.
- Trade policies and economic conditions that might affect imports negatively or positively.