In 2023, the import value of Technically Specified Natural Rubber (TSNR) to France stood at 185 million US Dollars. The forecast from 2024 to 2028 shows a steady decline in import values, reducing from 180.41 million US Dollars in 2024 to 162.31 million US Dollars by 2028. This decline signifies a year-on-year average contraction of about 2.6% in imports.
The Compound Annual Growth Rate (CAGR) over this five-year period reflects a negative trend, averaging a decrease of approximately 2.5% per year.
Future trends to watch for:
- Potential shifts in France's industrial demand or sustainability goals affecting rubber imports.
- Global market changes in rubber supply influenced by geopolitical factors or climate conditions affecting rubber-producing countries.
- Technological advancements in synthetic rubber alternatives that could impact the demand for natural rubber imports.