In 2023, France’s trade balance for fodder crops and grazed biomass was a negative figure, reflecting higher imports than exports in this sector. From the forecast data, a slight year-on-year improvement in the trade balance is evident, with the deficit decreasing gradually from 2024 to 2028. The compound annual growth rate (CAGR) over this period reflects a modest narrowing of the trade deficit, indicating a slow yet positive trend in adjusting the balance.
Future trends to watch for:
- Technological advancements in agricultural productivity could influence the trade dynamics, potentially reducing reliance on imports.
- Policy changes aimed at boosting domestic production of fodder crops might further narrow the deficit.
- Environmental and climate change impacts could affect production levels and trade balances.
- Global market prices for biomass and related commodities may impact trade volumes and values.