The production of ornamental plants and flowers in France experienced substantial fluctuations over the past decade. The values peaked in 2015 and 2016 but saw a significant drop in 2017. From 2018 onward, the industry stabilized with moderate annual variations. As of 2023, the production value stood at 1040 million Euros. Year-on-year variations showed a declining trend from 2020 to 2021, followed by a recovery in 2022, and a slight decrease in 2023. The Compound Annual Growth Rate (CAGR) over the past five years averaged at approximately 2.01 percent.
Future trends to watch:
- Expected slight growth with a forecasted CAGR of 0.4 percent over the next five years.
- Potential impact of economic factors on consumer demand for ornamental plants and flowers.
- Technological advancements in horticulture that could drive efficiency and production.
- The increasing focus on sustainable and eco-friendly gardening practices.