The pumice stone market in the UK has experienced significant fluctuations from 2012 to 2022. The market saw peaks in 2013 and substantial declines starting in 2017 through 2022. The largest year-on-year variations occurred in 2014 and 2017 with declines of -16.74% and -19.32%, respectively. The compound annual growth rate (CAGR) reveals a negative trend, particularly pronounced in the last five years, resulting in a -5.11% CAGR by 2022.
In 2023, the market continued to struggle, maintaining its downward trajectory. The last two years exhibited a cumulative reduction in market size, emphasizing the decreasing demand or possible market saturation. Future trends to watch for include potential innovations in product applications, shifts in export-import dynamics, or changes in consumer preferences towards sustainable and eco-friendly alternatives that could influence market demand and growth patterns.
| # | 7 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 19,126,000 | 2023 | +0.9% | -1.58% | View data |
| 2 | 2 Italy | 5,688,300 | 2023 | -3% | -2.69% | View data |
| 3 | 3 United Kingdom | 3,311,100 | 2023 | -5.62% | -4.82% | |
| 4 | 4 Australia | 2,148,300 | 2023 | +5.37% | +7.52% | View data |
| 5 | 5 Austria | 620,490 | 2023 | +1.56% | +4.31% | View data |
