The re-import of wood screws of iron or steel, except coach screws, to France is forecasted to steadily decline from 2024 onward. The forecast begins with 15.12 thousand kilograms in 2024, decreasing progressively to 2.15 thousand kilograms by 2028. Compared to the base year of 2023, the projected figures indicate a significant downward trend.
Year-on-year analysis shows a consistent decline in re-import volume during the forecast period, with noticeable decreases each subsequent year. This downward trajectory is notable over the forecast period, characterized by a substantial average annual decline as expressed through the compounded annual growth rate (CAGR).
Future trends to watch for:
- The impact of domestic production capabilities increasing, potentially reducing the need for re-imports.
- The influence of global trade policies and tariffs on import volumes, particularly those affecting the EU.
- Eco-friendly regulations might shift demand to alternative fastening solutions, impacting traditional screw import volumes.