In analyzing the wheat demand in France from 2014 to 2023, it's clear that the demand has seen some fluctuations. The peak was in 2015 with 22.11 million metric tons, representing a significant increase of 14.89% from the previous year. However, this was followed by a decline in subsequent years, with notable drops in 2016 and 2017 but a modest recovery in 2018. From 2019 onwards, wheat demand has remained relatively stable, with minor year-on-year decreases, culminating in a slight drop of 0.11% to 19.12 million metric tons in 2023.
The Compound Annual Growth Rate (CAGR) over the last five years has been -0.42%, indicating a very modest decline annually, reflecting a steady but slow reduction in wheat demand. Looking ahead, the forecast suggests a continued slight decrease in demand, with the forecasted CAGR for the next five years at -0.09%, and growth rate at -0.47% by 2028.
Future Trends to Watch For:
- Impact of weather patterns and climate change on wheat production.
- Developments in agricultural technology and practices that could affect crop yields.
- Changes in dietary preferences and their impact on wheat-based products.
- Market and policy shifts within the EU that could affect agricultural subsidies.
- International trade policies and their potential influence on wheat demand and supply.
