From 2013 to 2023, the output of agriculture, forestry, and seafood in France displayed a generally upward trend with cyclical variations. Following a low point in 2016, the sector showed recovery signs, particularly between 2017 and 2018. By 2023, the output stood at 92.97 billion euros, highlighting a steady progress despite occasional declines. The average annual growth rate, as measured by the CAGR from 2018 to 2023, was 0.35%. The output's year-on-year growth in the last two years was moderate, with a 0.81% increase in 2022 and a further 0.8% rise in 2023. Looking forward, a projected compound annual growth rate of 0.6% from 2024 to 2028 indicates cautious optimism for the sector's continued growth, forecasting the output to reach 96.55 billion euros by 2028.
Future trends to watch for:
- Impact of climate change and extreme weather on agricultural productivity.
- Increasing adoption of sustainable farming practices and technology.
- Evolving consumer preferences towards organic and locally-sourced products.
- Potential trade policy changes within the EU affecting market dynamics.
