Based on the data, the import of ships, boats, and other floating structures to France stood at $0.881 billion in 2023. The year-on-year variation from 2022 to 2023 was a decrease of 1.53%. Over the past two years, the imports showed a steadily declining trend after a slight recovery in 2021. The compound annual growth rate (CAGR) from 2018 to 2023 was -2.15%, indicating a general decline over the last five years.
Breaking it down, the past decade witnessed fluctuations with significant drops in 2017 and 2020, and modest recoveries at other times. The forecast data from 2024 onwards predicts a continuous decline, with a forecasted 5-year CAGR of -1.33% and an overall drop of 6.47% by 2028.
Future trends to watch for include:
- Economic conditions and recovery post the COVID-19 pandemic.
- Technological advancements in shipbuilding and floating structures.
- Changes in international trade policies and regulations.
- Environmental policies impacting maritime industry demand.
