In 2023, the production of nitric acid, sulphonitric acids, and ammonia in France stood at 0.88007 billion kilograms of nitrogen. The past decade has witnessed significant fluctuations with a general downward trend since 2013. From 2013 to 2023, year-on-year variations have ranged from increases such as a 16.16% surge in 2018 to steep declines like the 63.67% drop in 2019. The compounded annual growth rate (CAGR) over the past five years has shown a negative average of -9.78%, indicating a declining trend.
Looking ahead, the forecast indicates a continued decrease in production, with a projected CAGR of -5.16% over the next five years. The production in 2028 is expected to be 0.63744 billion kilograms of nitrogen, which suggests a 23.25% decline from 2023 levels.
Future Trends to Watch For:
- Potential regulatory changes affecting chemical production.
- Technological advancements to improve production efficiency or reduce environmental impact.
- Market developments in alternative products or production methods.
- Global supply chain dynamics and their impact on raw material availability and costs.
