In 2023, the import value for hot rolled iron or non-alloy steel to France stood at an estimated baseline. The forecasts from 2024 to 2028 show a gradual increase from 230.4 million USD to 250.65 million USD, suggesting a steady growth trend. The year-on-year growth rate for 2024 is 2.26%, 2025 is 2.18%, 2026 is 2.17%, and 2027 is 2.00%. The compound annual growth rate (CAGR) over this forecast period is approximately 2.13%.
Future trends to watch include:
- Potential impacts of global economic volatility on steel demand and prices.
- Environmental regulations influencing steel production and imports.
- Technological advancements in steel manufacturing, which may affect supply and import dynamics.
- Trade policies within the European Union affecting imports and tariffs.
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