The import value of Granite, Porphyry, Basalt, and Sandstone to Canada has shown noticeable fluctuations over the past decade. From a peak value in 2016, the import value has been generally declining. By 2023, the import value stood at 16.3 million USD, down from 19.081 million USD in 2013.
Year-on-year variation for 2023 indicates a decline of -1.94%, following the same rate in 2022. The Compound Annual Growth Rate (CAGR) over the last five years displays a downward trend of -3.77%.
Forecasts for the next five years predict a steady decline, with a forecasted CAGR of -1.51% and an overall decrease in import value by 2028 amounting to -7.34%.
Future trends to watch for include potential shifts in demand due to construction industry changes, economic factors influencing import costs, and possible advancements in material substitution or local sourcing strategies which may impact future import values.
