The Chemicals Manufacturing Value Added in France has shown a steady increase from 2013 to 2023, starting at 12.36 units in 2013 and reaching 16.01 units in 2023. This represents an overall increase of approximately 29.5% over the last decade. The most significant year-on-year increase was observed in 2019 at 8.67%, while 2017 saw a minor decline of -2.1%. The average Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was approximately 3.07%.
From 2024 to 2028, forecasted values indicate a continued but slower growth, with a forecasted 5-year CAGR of 0.6%. In 2028, the Chemicals Manufacturing Value Added is expected to be around 16.63 units. Future trends to watch for include:
- Technological advancements and their impact on production efficiency.
- Environmental policies and regulations affecting the industry.
- Global market dynamics and trade policies.
- Continuous monitoring of raw material prices and supply chain stability.
