The flower production industry in France has shown consistent growth over the past decade, with values rising from €2.47 billion in 2013 to €2.83 billion in 2020, and reaching €3.11 billion in 2023. In 2023, the value stood at €3.11 billion. Year-on-year variations exhibit periodic fluctuations with notable peaks in growth, such as the 15.46% increase in 2014, and downturns, like the -3.64% in 2016. The recent CAGR over the past five years has been 1.45%, suggesting moderate but stable growth.
The forecasted data from 2024 to 2028 anticipates continued growth, projecting an increase to €3.29 billion by 2028. The five-year forecasted CAGR is expected to be 0.88%, culminating in a total growth rate of 4.46% over this period. This indicates a steady, albeit slow, upward trend in the industry.
Future trends to watch for include:
- Innovations in sustainable flower farming and eco-friendly practices.
- The impact of climate change on flower production and supply chains.
- Shifts in consumer preferences towards locally-sourced and seasonal flowers.
- Technological advancements in plant breeding and production efficiency.
- Potential economic and policy changes affecting trade and industry regulations.
