The household expenditure on glassware, tableware, and household utensils in France has shown a generally upward trend from 2013 to 2023, standing at 7.98 billion euros in 2023. Year-on-year variations reflect periods of steady growth interspersed with occasional declines. For instance, there was a noticeable dip in 2020 with a -4.19% change, largely attributed to the pandemic impact. However, recovery was evident in 2021 with a 6.13% increase, followed by moderate growth in the subsequent years. The Compound Annual Growth Rate (CAGR) for the past five years stands at 0.83%.
The expenditure has frequently adjusted, with significant variations both positive and negative, depending on external economic factors.
Forecasted values suggest continued growth, with an expected expenditure of 8.30 billion euros by 2028. The forecasted 5-year CAGR is 0.63%, indicating a steady, albeit slow, growth trajectory.
Future trends to watch for include the influence of economic stability in France, consumer behavior shifts towards sustainability in household products, and technological advancements in manufacturing. Tracking these factors will be crucial in understanding and anticipating the expenditure patterns in this sector.
