The forecast for construction sand and gravel active operations in New Mexico shows a gradual decline from 86.89 in 2024 to 82.67 in 2028. The year-on-year percentage decrease from 2024 to 2025 is approximately 1.26%, followed by similar declines in subsequent years. Calculating the compound annual growth rate (CAGR) from 2023 onward reveals an average yearly decrease of about 1.23% over the five-year period. Notably, the value for 2023 was higher, but the forecast signifies a downward trend indicative of potential challenges in maintaining operations or market demand.
Future trends to watch for:
- Development in construction technology and methods that could influence material demand.
- Environmental regulations impacting sand and gravel extraction operations.
- Economic factors affecting infrastructure investment and development in the region.