The import of worked monumental or building stone to Canada has shown a decreasing trend over the past years. In 2023, the import value stood at 219.87 million US dollars. Over the last two years, the year-on-year variation shows a declining trend, with a decrease of 0.81% in 2022 and 0.8% in 2023. The compound annual growth rate (CAGR) over the last five years was -2.56%, indicating a steady decrease.

Looking ahead, the forecast suggests a continued decline in imports, with values projected to reach 211.76 million US dollars by 2028. The forecasted five-year CAGR is -0.58%, and the average forecasted growth rate is -2.86% over this period.

Future trends to watch for:

Market dynamics and demand for building stones in Canada, particularly related to construction and infrastructure projects.
Potential impact of economic factors, such as government policies and trade agreements, on import levels.
Technological advancements in the stone industry that could affect import needs.