From 2013 to 2023, the market size value per capita for merely cut granite in Canada has shown a downward trend, decreasing from $0.93 to $0.68 USD. Notably, between 2022 and 2023, the market value declined by approximately 2.86%, maintaining the decreasing trend observed in the past years. The compound annual growth rate (CAGR) over the last five years is approximately -1.93%, reflecting ongoing contraction in the market.

Future trends to watch for:

Technological advancements that might influence production efficiency and cost.
Changes in home construction and renovation trends that could impact demand.
Potential impacts of environmental regulations on stone quarrying and manufacturing.
Exchange rate fluctuations affecting import-export dynamics.