In the past decade, the production of aluminum alloy plates, sheets, and strips in France witnessed significant fluctuations. Starting from zero production up until 2015, the industry saw a boom in 2016. However, production decreased slightly until 2018, then picked up in 2019. Nonetheless, 2020 marked a substantial decline with a 17.6% drop due to external factors, likely the COVID-19 pandemic. A rebound began in 2021 with a 7.81% increase, followed by a robust 10.9% growth in 2022. By 2023, production slightly decreased by 0.28% and stood at approximately 566 million kilograms.
Looking ahead, production is forecasted to remain almost stable with minimal growth. By 2028, the industry is projected to grow at a modest 0.01% CAGR with an overall 5-year growth rate of just 0.04%. This indicates a maturing market with limited expansion potential.
Future trends to watch for include advancements in sustainable aluminum production technologies, shifts in global demand influenced by economic conditions, and potential regulatory changes impacting the industry. Additionally, monitoring the impact of international trade policies and environmental considerations would be critical in forecasting future production trends.
