In 2023, Canada's re-import of tiles and flagstones of cement, concrete, and artificial stone stood at approximately 173 thousand USD. From 2024 onwards, forecasted figures show a declining trend, with a notable decrease each year. Specifically, the forecast indicates a drop from 143.97 thousand USD in 2024 to just 30.63 thousand USD by 2028. This decline translates to a compound annual growth rate (CAGR) of approximately -27.7% over the five-year period from 2024 to 2028.
Future trends to watch for include potential market shifts driven by changes in construction demands, increases in local production capacities, or the emergence of more sustainable and cost-effective materials. Additionally, economic policies and trade agreements could also significantly influence import dynamics over the coming years.
