Year-on-Year Variations:
- 2022 to 2023: -0.26%
- 2023 to 2024: -0.26%
CAGR Analysis:
The 5-year forecasted CAGR is -0.2%, translating to a total growth rate of -0.98% over this period.
Despite the forecasted decline, factors such as industry innovation, changes in construction sector demand, and regulatory impacts will be crucial to monitor. Fluctuations in economic activity may also influence consumption patterns significantly.
