Consumer goods nominal expenditure in France has experienced notable fluctuations from 2013 through 2023, reaching 676,140 thousand Euros in 2023. The year 2020 saw a decline due to external factors, but the market exhibited a strong recovery with substantial year-on-year growths of 5.98% in 2021 and 7.82% in 2022. The historical CAGR (Compound Annual Growth Rate) for the last five years (2019-2023) stands at 2.77%, showing a robust upward trend in consumer spending on goods.
Forecasts for 2024 onward indicate continued growth, albeit at a slightly moderated rate, with a forecasted 5-year CAGR of 1.06% and an overall forecasted growth rate of 5.43% by 2028. This suggests a stable yet modest increase in consumer expenditure on goods.
Future trends to watch for include:
- The impact of inflation on consumer spending power which can affect nominal expenditure.
- Shifts in consumer preferences towards more sustainable and environmentally friendly products.
- Technological advancements and digital commerce influencing purchasing behaviors and market dynamics.