In 2023, the re-import value of worked marble, travertine, and alabaster to Canada was higher than forecasted values for 2024 onwards. The data shows a steady decline over the forecast period, dropping from $3.28 thousand in 2024 to $1.56 thousand in 2028. This represents a significant decrease in re-import activities. The compound annual growth rate (CAGR) reflects a negative trend, illustrating a consistent reduction over the next five years.
Future trends to watch for include:
- Changes in domestic production capabilities that might influence import dynamics.
- Economic factors affecting demand for luxury goods like marble and alabaster.
- Potential shifts in international trade policies or tariffs that could impact re-import values.