The export of limestone materials for manufacture of lime or cement from Canada has experienced significant fluctuations over the years. Since 2013, volumes peaked in 2014 at 2.8668 billion kilograms, followed by a consistent decline. By 2023, the volume stood at 0.9053 billion kilograms. The average yearly variation for the past five years leading up to 2023 shows a negative CAGR of -7.49%. Examining short-term trends, the year-on-year variation was -6.91% in 2023 and -6.59% in 2022, indicating a continued downward trajectory. The forecast till 2028 predicts a further decline with a projected five-year CAGR of -7.8% and an overall growth rate decreasing by 33.36%.
Future trends to watch for include:
- Potential shifts in global demand for lime and cement, which could impact limestone exports.
- Environmental regulations that could affect the mining and processing of limestone.
- Technological advancements in alternative building materials that might further reduce the need for lime and cement.
- Economic policies affecting trade agreements and export tariffs.
