The import of worked marble, travertine, and alabaster to Canada has experienced a consistent decline over the years. In 2023, the import value stood at 49.426 million USD, reflecting a year-on-year decrease of 2.57%. When looking at the Compound Annual Growth Rate (CAGR) over the last five years, there has been an average annual decline of 5.01%. The forecast from 2024 to 2028 predicts a further decrease, with a forecasted 5-year CAGR of -2.07%, and an overall decline of 9.94% over this period. This ongoing decrease highlights a significant trend in the reduction of imports in this category.
Future trends to watch for include changing market dynamics in construction and interior design that may influence demand, potential supply chain disruptions, and policy changes related to trade that might impact import volumes. Monitoring these trends will be crucial for understanding the long-term outlook for the import market of worked marble, travertine, and alabaster to Canada.
