The series reveals a consistent decline in the value of construction sand and gravel from stationary and portable plants in Kentucky, starting from 2024. With a base value of 0.89 in 2024, it decreases progressively to 0.61 by 2028. This represents a year-on-year decrease of approximately 7.9% in 2025, followed by a 9.8% drop in 2026, an 8.1% reduction in 2027, and finally, a 10.3% decrease in 2028. The compound annual growth rate (CAGR) over this period indicates an average annual decrease of approximately 9.1%.
Future trends to watch for include:
- The impact of environmental regulations, potentially influencing production costs and demand.
- Technological advancements in building materials that might reduce reliance on traditional sand and gravel.
- Economic shifts in Kentucky’s construction industry and how they might demand different aggregates.
- Possible fluctuations in fuel prices impacting transportation and thereby affecting costs.