From 2013 to 2023, Lithuania saw fluctuations in the crude or roughly trimmed granite market value per capita, peaking at $0.57 in 2013 and reaching $0.44 in 2023. The most notable decline occurred from 2019 to 2020, with a 17% drop. Over the past two years, 2022 experienced a slight increase, but 2023 stabilized, showing a 0% year-on-year change. The CAGR from 2018 to 2023 is approximately -2.88%, indicating a modest downward trend.
Future trends to watch for:
- Impact of global trade policies on granite imports.
- Technological advancements in extraction and processing.
- Environmental regulations affecting the industry.
- Market demands for sustainable and locally sourced granite.
