In 2023, the actual production of cold-drawn or cold-rolled seamless tubes and pipes of circular cross-section in France was recorded at a volume of 64.2 million kilograms. The forecast data from 2024 to 2028 indicates a steady decline in production volume, starting from 63.731 million kilograms in 2024 and decreasing to 57.826 million kilograms in 2028. This represents a year-on-year decrease in production of approximately 1.1% to 1.5%. Overall, the compound annual growth rate (CAGR) over the five-year forecast period is negative, highlighting a declining trend in production volume.
Future trends to watch for include:
- Potential market shifts due to advancements in material technology or increased demand for alternative materials.
- Economic factors or policy changes in the European steel industry impacting production costs and capabilities.
- Environmental regulations possibly driving innovation or further shifts in production strategies.