The import of granules, chippings, and powder of granite and sandstone to France has seen a significant declining trend from 2013 to 2023. In 2023, the volume stood at 104.23 million kilograms. There has been noticeable volatility over the years, with sharp declines especially marked from 2016 onwards. The last two years, 2022 to 2023, observed consecutive decreases of -13.63% and -15.47%. The average annual growth rate over the last five years suggests a severe contraction at -12.53% CAGR.
Looking forward to the forecasted data from 2024 to 2028, this decline is expected to accelerate dramatically. The predicted annual contraction rate of -44.03% CAGR indicates that by 2028, the import volume could plummet to just 4.575 million kilograms, representing an overall decline of 94.51% compared to the current volumes.
Future trends to watch for include:
- Further market contraction which could impact related industries dependent on these materials.
- Potential shifts towards alternative materials or changes in domestic production capabilities.
- Economic or regulatory changes affecting import dynamics.
- Technological advancements that might either reduce the reliance on these imports or improve their efficiency.
