The import of phenolic resins to France stood at 73.459 million USD in 2023. The actual data from 2013 to 2023 shows variable yearly changes with a significant drop of -26.87% in 2015. Year-on-year variation has fluctuated, with notable declines in 2015 (-26.87%) and 2020 (-16.84%), followed by recoveries in 2018 (9.73%) and 2021 (14.68%). Over the last five years, the CAGR has been less consistent with a slight rise of 1.9% in 2021 but dipped to -0.46% in 2023.
For forecasted data from 2024 to 2028, the import value is expected to remain relatively stable, with minor increases each year, culminating in a value of 73.954 million USD by 2028. The forecasted 5-year CAGR is projected to be modest at 0.16% with an overall 5-year growth rate of 0.83%.
Future trends to watch for:
- Impact of global economic conditions on import volumes and values.
- Technological advancements in resin production affecting market dynamics.
- Regulatory changes influencing trade policies in the chemical sector.
