The import of valves for the control of oleohydraulic power transmission to France is projected to grow steadily from 2024 through 2028. In 2023, the volume stood at approximately 12.2 million kilograms. The forecast for 2024 shows a moderate increase of around 2.1%, followed by consistent annual growth between 2.2% and 2.3% through 2028, reaching approximately 13.5 million kilograms. The compound annual growth rate (CAGR) over the five-year forecast period is expected to be around 2.2%.
Future trends to watch for:
- Technological advancements in valve efficiencies and resource-saving capabilities which may impact import volumes.
- Industrial demand fluctuations in France, particularly in sectors relying heavily on oleohydraulic systems.
- Geopolitical influences affecting trade agreements and tariffs that could alter import dynamics.
