In 2023, France imported rare-earth metals, scandium, and yttrium valued at 224.50 thousand kilograms. Forecast data indicates a gradual decline in imports from 2024 to 2028. The year-on-year percentage change highlights a consistent downward trend: -2.35% in 2024, -2.35% in 2025, -2.35% in 2026, -2.36% in 2027, and reaching a -2.36% in 2028. The compound annual growth rate (CAGR) over these five years stands at approximately -2.35%, suggesting an ongoing decrease in import volumes.
Future trends to watch for include:
- Demand shifts in high-tech industries influencing rare-earth metal needs.
- Environmental policies and sustainable practices impacting mining and importation.
- Potential geopolitical tensions affecting global supply chains.
- Technological advancements leading to alternative materials reducing reliance on these imports.
