In 2023, the import of bituminous or oil shale and tar sands to France was at a significant level. Forecast data from 2024 to 2028 shows a consistent rise in import values, starting at 3.9261 million USD in 2024 and reaching 4.3794 million USD by 2028. The year-on-year growth remains steady, averaging around 3% annually, which indicates a healthy increase in demand or reliance on these imports. The Compound Annual Growth Rate (CAGR) over the five years presents a continuous upward trend, reflecting sustained market needs or strategic energy sourcing by France.
Future trends to watch for include:
- Potential shifts in energy policy by the French government that may affect import volumes.
- Development in renewable energy technologies that could reduce dependency on non-renewable sources like bituminous or oil shale and tar sands.
- Fluctuations in global market prices that might impact import costs and decisions.