In 2023, France's import of cored wire for electric arc-welding stood at approximately 5.7 million kilograms. The forecasted data for 2024 to 2028 indicates a steady annual increase in import volumes, with the year-on-year growth ranging from roughly 1.8% to 1.9%. This suggests a compound average growth rate (CAGR) of approximately 1.75% over the five-year forecasts, reflecting a consistent upward trend in demand.
Future trends to watch for:
- Advancements in welding technology increasing demand for high-quality materials.
- Policy shifts within the European Union affecting trade dynamics.
- Influence of global raw material prices on import volumes.