The import of concentrated unsweetened milk and cream to France is forecasted to decline steadily over the next five years, beginning from approximately $44.762 million in 2024 to around $40.239 million in 2028. This represents a gradual year-on-year decrease indicative of a downwards trend. Assuming that this trend continues, the compound annual growth rate (CAGR) over this period would be negative, signaling a consistent reduction year over year.
Future trends to watch for include:
- The impact of domestic production efficiencies, which might reduce dependency on imports.
- Potential trade agreements or economic policies by the French government that could alter import tariffs and quotas, impacting overall import volumes and values.
- Consumer preference shifts towards alternative milk products which may reshape market demand.