From 2013 to 2023, the import of worked granite to South Africa has seen a mix of fluctuations. In 2023, the import volume stood at 9.4111 million kilograms. Over the past five years, the compound annual growth rate (CAGR) was 4.3%, indicating moderate growth. The year-on-year growth for 2022 and 2023 was 6.7% and 1.32% respectively. Historical data reveals significant variability, with strong growth in certain years like 2016 and 2017, and sharp declines, notably in 2018.
Future trends to watch for:
- Steady forecasted growth with an anticipated volume of 10.025 million kilograms by 2028.
- Future 5-year CAGR is projected at 1.05%, suggesting slower but consistent growth.
- Potential influences such as global economic conditions, trade policies, and domestic demand for construction and renovation projects.