The merely cut granite market size in Romania has seen a consistent decline since 2017, starting with a sharp drop of 21.58% in that year. By 2023, the market size stood at 1.7653 Million USD. The year-on-year variations from 2021 to 2023 are notably negative, reflecting continuous contraction. Over the past five years, a compound annual growth rate (CAGR) of -4.7% further illustrates the market's downward trajectory. The primary drivers behind this trend might include decreased local demand, increased competition, or shifts in construction materials preferences.
For future trends, closely monitor factors such as evolving construction sector demands in Romania, potential shifts in international trade policies affecting granite imports, and technological advancements in alternative materials. These could influence the market's recovery or further decline.
- Monitor changes in construction material preferences.
- Watch international trade policy impacts.
- Consider advancements in alternative materials.