France: Biological Product Market 2024

Biological Product Market Size in France

In 2023, the French biological product market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. Biological product consumption peaked in 2023 and is expected to retain growth in years to come.

Biological Product Production in France

In value terms, biological product production skyrocketed to $X in 2023 estimated in export price. Overall, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Biological Product Exports

Exports from France

In 2023, shipments abroad of biological products decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, biological product exports rose significantly to $X in 2023. In general, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Germany (X tons) and Austria (X tons) were the main destinations of biological product exports from France, with a combined X% share of total exports. Ireland, Italy, Poland, Belgium, the Netherlands, Turkey, China, Denmark, the UK and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for biological products exports from France, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports. It was followed by Austria, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Austria (X% per year).

Export Prices by Country

The average biological product export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into France

In 2023, approx. X tons of biological products were imported into France; rising by X% on 2022. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, biological product imports soared to $X in 2023. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest supplier of biological product to France, with a X% share of total imports. Moreover, biological product imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), South Korea ($X) and Ireland ($X) were the largest biological product suppliers to France, with a combined X% share of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biological product import price stood at $X per ton in 2023, surging by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, biological product import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X,699 per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform