In 2023, Canada's import of stone, plaster, cement, asbestos, and mica stood at 1.805 billion US dollars. Forecasted data shows a steady year-on-year increase, with the import value expected to reach 1.9465 billion US dollars by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is 1.51%. This suggests a gradual upward trend in imports, driven by consistent demand and infrastructure development.
Future trends to watch for:
- Impact of Canadian infrastructure projects on material demand.
- Sustainability and eco-friendly material preferences reshaping import patterns.
- Fluctuations in global trade policies and their effects on import costs.
