As of 2023, the import of steel line pipe to France, specifically for oil or gas pipelines and welded with an external diameter greater than 406.4 mm, was estimated to be at 12 million kilograms. Starting in 2024, a notable downward trend is forecasted, with imports decreasing significantly over the next five years. The projected import volumes are approximately 10.046 million kilograms in 2024, 7.9623 million kilograms in 2025, 5.8998 million kilograms in 2026, 3.858 million kilograms in 2027, and 1.8366 million kilograms in 2028.
Year-on-year variations highlight substantial declines: 2024 sees a decrease of about 16.26% from 2023, 2025 shows a 20.71% drop, 2026 continues to decrease by 25.91%, 2027 contracts by 34.59%, and 2028 diminishes by approximately 52.39%. The compound annual growth rate (CAGR) for the years 2024 to 2028 indicates an average annual decrease of 27.55%.
Future trends to watch for include potential geopolitical impacts on trade balances, the European Union's policies on steel imports, and shifts in global oil and gas infrastructure priorities that may alter demand for steel line pipe in France. Additionally, technological advancements and environmental regulations could significantly influence the steel industry and associated imports.
- 2024: 16.26% decrease from 2023
- 2025: 20.71% decrease from 2024
- 2026: 25.91% decrease from 2025
- 2027: 34.59% decrease from 2026
- 2028: 52.39% decrease from 2027
- CAGR 2024-2028: -27.55%
