In 2023, the Gross Value Added per employee FTE in France's Basic Iron, Steel, and Ferro-Alloys sector was at a preliminary value preceding a forecasted gradual decline from 2024 to 2028. Starting at 64.9 thousand euros in 2024, it is predicted to slightly decrease to 63.7 thousand euros by 2028, reflecting a minor downward trend. Year-on-year percentage changes showcase a subtle yet consistent shrinkage.
The Compound Annual Growth Rate (CAGR) over the forecasted period also underscores a downward trajectory, suggesting a slight reduction in efficiency or profitability per employee FTE in this sector.
Future trends to watch for include:
- Technological advancements and automation impacting labor efficiency.
- Potential shifts in regulation that could affect operational costs and productivity.
- Global economic factors that may influence demand and pricing in the iron and steel markets.