In 2023, the import of petroleum bitumen to France stood at USD 387.61 million. Forecasted data indicates a steady increase from 2024 through 2028, with values rising incrementally each year. Specifically, the projected imports are USD 389.68 million in 2024, USD 392.09 million in 2025, USD 394.44 million in 2026, USD 396.75 million in 2027, and USD 399.02 million in 2028.
The year-on-year percentage increases are as follows:
- 2024: +0.53%
- 2025: +0.62%
- 2026: +0.60%
- 2027: +0.59%
- 2028: +0.57%
The compound annual growth rate (CAGR) over the forecasted five-year period is around 0.58%.
Future trends to watch for include fluctuations in global oil prices, changes in environmental regulations impacting bitumen usage, and shifts in demand due to infrastructure projects in France. Monitoring geopolitical factors and technological advancements in alternative materials could also provide insights into the import dynamics of petroleum bitumen.
