From 2013 to 2023, the sold production of cutlery in France saw fluctuations, peaking in 2017 at 154.11 million euros. The highest year-on-year increase occurred in 2017 with 21.8%, but since then, the production value demonstrated a declining trend, particularly stark in 2021 with a 40.68% drop. By 2023, the production value stood at 89.391 million euros, reflecting a 6.14% decrease from the previous year.
Over the last five years (2019-2023), the Compound Annual Growth Rate (CAGR) averaged at -10.15%, indicating an overall decline. Forecasts predict a continued decrease, with a forecasted CAGR of -6.11% over the next five years, reaching 61.007 million euros by 2028.
Future trends to watch for include:
- Shifting consumer preferences towards sustainable and eco-friendly products.
- Impact of new manufacturing technologies and automation on production costs.
- Changes in global trade policies and their effects on import/export dynamics.
- Economic recovery post-pandemic and its influence on consumer spending habits.
