In 2023, the Agriculture, Forestry, and Fishing sector in France experienced a steady performance, setting a base for forecasting. From 2024 to 2028, the sector is expected to see a consistent decline in value added, with year-on-year decreases observed. By 2028, the value added is projected to have declined to 0.47, marking a significant downward trend. This anticipated decline represents a compounded annual growth rate (CAGR) that shows an average yearly reduction in sector value added over this five-year period.
Looking ahead, crucial trends to monitor include climate change impacts, technological advancements in agri-tech, policy shifts in European agricultural subsidies, and global market demands. These factors can either mitigate or exacerbate the projected decline. Additionally, attention should be paid to labor market changes, supply chain issues, and shifts in consumer preferences, which can influence sector dynamics significantly.
