The turnover in the rubber products manufacturing sector in France has exhibited significant fluctuations over the past decade. Starting from €12.02 billion in 2013, the sector experienced a decline until 2016. A substantial rebound occurred in 2017 with a 36.38% increase. The trends remained volatile with a sharp drop in 2020 to €2.58 billion due to external factors, followed by a remarkable recovery in 2021, up by 219.31%, and stabilizing around €14.19 billion by 2023. This recent value shows a 20.52% increase from the previous year.
The five-year compound annual growth rate (CAGR) up to 2023 is 3.84%, reflecting a moderate annual increase, despite some years of significant downturns. Looking forward, the future forecast for 2024-2028 indicates a stable growth trajectory with a 5-year CAGR of 0.61%, suggesting the sector will achieve a turnover of €14.74 billion by 2028.
Future trends to watch for include potential impacts from technological advancements in manufacturing processes, shifts in global supply chains, and sustainability initiatives which may drive demand for innovative rubber products. Monitoring these factors could provide insights into the sector's long-term growth and stability.
