From 2013 to 2023, the import value of sandstone merely cut into blocks to Canada has shown fluctuations, starting at 6.8579 Million USD in 2013 and declining to 4.7869 Million USD in 2023. Both the year-on-year and CAGR percentages highlight substantial variations, with notable drops in 2015 and 2016. Although there were periods of recovery in 2017 and 2021, the overall trend has been somewhat erratic.
Over the last two years, from 2021 to 2023, the import value has increased modestly by 0.53% per year-on-year. The five-year CAGR from 2018 to 2023 stands at -1.29%, indicating a slight decline over this period. In 2023, the import value was 4.7869 Million USD.
From 2024 onwards, forecasted data suggests a gradual increase in import value, with a five-year CAGR of 0.43%. By 2028, the value is projected to reach 4.9185 Million USD, reflecting a cumulative growth rate of 2.16% over this period.
Future trends to watch for include potential changes in demand driven by construction and urban development in Canada, potential supply chain disruptions, and global market trends impacting sandstone availability and prices. Monitoring geopolitical developments and trade policies will also be essential in understanding future movements in sandstone imports.
