The forecast for the import of pumice stones to Canada shows a consistent decline from 2024 to 2028. Starting at $650.07 thousand USD in 2024, imports are projected to decrease steadily each year, reaching $383.94 thousand USD by 2028. This represents a compounded annual growth rate (CAGR) of approximately -12.47% over the five-year period, indicating a persistent downtrend.
In 2023, the value of imports stood higher, indicating that the current decline is part of a broader long-term reduction trend. Watching the year-on-year variations, we consistently observe significant drops each year.
Future trends to watch include potential impacts from alternative materials gaining market presence, shifts in construction industry demand where pumice is commonly used, and changes in trade policies that might affect import costs.
