The Gypsum Product Manufacturing expenses in Canada have displayed fluctuating but generally upward trends over the past decade. As of 2023, expenses stood at 1,388.1 million CAD. A notable rise was seen between 2013 and 2014 with a sharp increase, then a decline in 2015. Stability resumed with a steady increase from 2016 to 2022, where Year-on-Year growths varied between -0.27% and 26.59%. The most recent two years showed soft yet consistent Year-on-Year increases, with CAGR over the last five years at 4.51%.
Looking ahead, forecasted data from 2024 to 2028 indicates a consistent rise with a 5-Year CAGR of 3.36% and an overall growth rate of 17.97%. By 2028, it is expected that the manufacturing expenses will reach 1,716.7 million CAD.
Future trends to watch for include the introduction of innovative and sustainable manufacturing practices, the impact of economic conditions on construction demand, and potential price volatility of raw materials. Additionally, regulatory changes and environmental considerations might affect operational costs and industry dynamics. Monitoring these factors will be critical for strategizing in the Gypsum Product Manufacturing sector.
