In 2023, the construction sand and gravel operations reporting over one million metric tons per year in the southern US stood at 20.0 million metric tons. Forecasts from 2024 to 2028 project a steady decline in production: 18.37 million metric tons in 2024, decreasing annually to 11.71 million metric tons by 2028. Observing year-on-year changes, there is a consistent annual decrease averaging 9%. This results in a compound annual growth rate (CAGR) of -11% over this period.
Key trends to watch:
- Increased sustainability efforts may influence operations and technology
- Fluctuations in construction demand could impact sand and gravel needs
- Regulatory changes might affect extraction and production capacities
