The data indicates a consistent slight decline in the import values from 2024 ($154.37M) to 2028 ($150.8M). Year-on-year percentage variations are as follows:
- 2024-2025: -0.60%
- 2025-2026: -0.59%
- 2026-2027: -0.58%
- 2027-2028: -0.57%
The Compound Annual Growth Rate (CAGR) over these five years averages at -0.59% annually, showing a slight but steady decrease.
Future Trends to Watch
Given the consistent decline, watch for factors such as changes in consumer preferences, economic conditions affecting discretionary spending, and the impact of competing flooring materials which may influence future import volumes.
