The sold production of cement in France has shown considerable volatility over the past decade. From 2013 to 2023, the market experienced fluctuations with annual variations ranging from significant declines such as a 79.6% drop in 2021 to remarkable recoveries with a 407.67% increase in 2022. The CAGR shows a general trend of contraction in specific years, like a -27.45% over five years in 2021, and moderate growth at other times.
In 2023, the cement production stood at 18.853 billion kilograms. Over the last two years, the market saw a substantial recovery from the sharp decline in 2021, marked by a 1.67% increase in 2023 after the substantial rise in 2022. For the next five years, the forecasted 5-year CAGR is -0.33%, indicating a slight decrease in production, translating to a growth rate of -1.65% for the period leading to 2028.
Future trends to watch for include potential impacts of environmental regulations, shifts towards sustainable construction materials, and economic factors influencing construction activities. Monitoring these will provide insights into subsequent performance in the cement market.
