The projected figures for French butter production from 2024 to 2028 show a consistent decline. Starting at 343.65 thousand metric tons in 2024, this figure is expected to decrease each year, down to 333.88 thousand metric tons by 2028. The production in 2024 represents a decrease from the actual production level in 2023, signifying a negative trend.
The year-on-year percentage decline is steady, reflecting a drop in output annually, while the five-year compound annual growth rate (CAGR) underscores this downturn, suggesting an overall average decrease per year over the forecasted period.
Going forward, it's crucial to monitor:
- The impact of environmental policies on livestock and dairy production.
- Fluctuations in domestic and international demand for French dairy products.
- The influence of commodity price changes and trade agreements on production costs and competitiveness.