The import of cut or sawn slabs of granite to Canada has experienced a consistent decline from 2013 to 2023. Notably, the value stood at 24.799 Million US Dollars in 2023. Over the past two years, the year-on-year variation was -10.55% in 2022 and -11.56% in 2023. From a long-term perspective, the 5-year CAGR reveals a decrease averaging -10.56% per year.
Looking ahead, forecasted data indicates a continual downward trend with a forecasted 5-year CAGR of -18.01%, suggesting a projected -62.96% growth rate by 2028. If current trends persist, the market could witness further substantial declines.
Future Trends to Watch For:
Future trends to watch for include potential shifts in consumer preferences towards alternative materials, increased domestic production capacities, and possible economic factors influencing global trade policies. Additionally, innovations in construction and design may impact the demand for granite slabs.
