The import of granules, chippings, and powder of granite and sandstone to Canada fluctuated significantly from 2013 to 2023. Between 2013 and 2023, the imports showcased substantial variations, with values peaking in 2015 at $3.338 million and experiencing a downward trend thereafter. As of 2023, the import value stood at $1.778 million, reflecting a 3% decrease year-on-year, and an overall 4.53% annual decline over the past five years.
Forecasts indicate a continued decline in import values, projecting the figures to drop to $1.5206 million by 2028. The anticipated average annual decrease (CAGR) for the next five years is 2.47%, signifying a negative growth rate of approximately 11.74% over the period.
Future trends to watch for include:
- Changes in construction demand and material preferences
- Fluctuations in global granite and sandstone supply chains
- Policy shifts related to tariffs and trade regulations
- Advancements in alternative building materials
