The Precious Metals and Non-Ferrous Metals Manufacturing production value in France has shown varying trends over the past decade. After a growth period peaking in 2015, the value saw a significant dip in 2017 and 2019. Economic disruptions in 2020 caused a sharp decline, with a moderate recovery phase observed up until 2023, where it stabilized at 6.39 billion Euros. Over the recent five years, the sector observed a year-on-year decline of approximately -0.044% in 2023 and a five-year CAGR of -3.42%.
Future projections indicate a continued decline, with a forecasted five-year CAGR of -2.48% leading to a production value of 5.47 billion Euros by 2028.
Trends to watch for:
- The impact of global economic conditions and geopolitical tensions on metal prices.
- Technological advancements in recycling and alternative materials impacting demand.
- Environmental regulations influencing production practices and costs.