In 2023, the volume of precious metals imports to France stood at 2.64 thousand metric tons. Historical data shows significant fluctuations, including spikes in 2015 and 2021, and a drastic decrease in 2022. Over the last two years, the imports have shown a negative trend with year-on-year variations of -72.9% in 2022 and -0.42% in 2023. The compound annual growth rate (CAGR) over the last five years is -3.55%, indicating an average annual decline.
Looking ahead, the forecasted CAGR for the next five years is -0.22%, implying a steady but marginal decline in imports. By 2028, the volume is expected to stabilize at around 2.6 thousand metric tons.
Future trends to watch for include:
- Global economic conditions and policies affecting precious metal trade.
- Technological advancements and their impact on the demand for precious metals.
- Shifts in industrial demands and consumer preferences.
- Potential regulatory changes within the European Union impacting imports.
