From 2013 to 2023, France's agricultural products and livestock output in Billion Euros has experienced fluctuations. The period saw a dip in 2016, followed by significant growth in certain years like 2018 and 2021. As of 2023, the output stands at €87.06 billion, reflecting a year-on-year growth of 0.8% compared to the previous year. The trailing 5-year CAGR is at 1.08%, indicating moderate growth over the last half-decade.
Forecasting the future, from 2024 to 2028, the agricultural sector is expected to continue growing, reaching €90.42 billion by 2028. The forecasted 5-year CAGR is 0.6%, suggesting steady albeit slower growth. The forecast indicates a total growth of 3.05% over this period.
Future trends to watch for include:
- Impact of climate change on agricultural yields and livestock.
- Technological advancements in farming and livestock management.
- Government policies and subsidies supporting sustainable practices.
- Market demand shifts due to changing consumer preferences towards organic and locally sourced products.