In 2023, France imported approximately 10.75 million kilograms of corks and crowns of base metal. From 2024 to 2028, forecasts suggest a steady increase in the import volume, reaching approximately 11.93 million kilograms by 2028. The year-on-year growth rates reflect a stable upward trajectory, with incremental annual increases around 2% over the period. This consistent growth results in a Compound Annual Growth Rate (CAGR) of about 2.11% over the five-year forecast period.
Future trends to watch for:
- Potential shifts in demand due to changes in the wine and beverage industries.
- Impact of any emerging materials or technologies that could replace traditional corks and crowns.
- Regulatory changes affecting import duties and environmental considerations.