The forecast for the UK's import of worked granite from 2024 to 2028 indicates a declining trend, starting from 65.875 million USD in 2024 to 60.555 million USD by 2028. Given the consistent decrease in values, there is a notable negative year-on-year variation, reflecting a diminishing demand or adjustment in the market. This represents an approximate average annual decrease, or CAGR, over the forecasted period.
Looking ahead, several trends are worthy of attention:
- The potential influence of sustainable construction practices may reduce granite demand as alternatives emerge.
- Changes in trade policies or tariffs could impact granite imports.
- Economic conditions in the UK and global markets could affect buying power and import volumes.