Forecast: Import of Sections T of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of Less Than 80 mm to France

In 2023, the import value of sections T of iron or non-alloy steel to France stood at USD 2 million. The forecast for 2024 indicates a value of USD 1.7724 million, which reflects a notable decline of 11.38% from the 2023 level. The trend continues, with the value decreasing by 14.91% in 2025, 17.16% in 2026, and 20.24% in 2027. By 2028, the import value is expected to drop to USD 0.74723 million, marking a further decline of 24.96% from 2027 and an overall five-year compound annual growth rate (CAGR) decline of approximately 21.15%.

Future trends to watch include potential recovery in the steel industry, shifts in global trade policies, and the effect of geopolitical factors on supply chains. Additionally, monitoring technological advancements in steel production and their impact on demand is crucial for future forecasts.