The limestone materials market in Sweden saw fluctuating values from 2013 to 2023. The market reached $28.675 million in 2023, showing a significant recovery from the dip experienced in 2020. Notably, the market experienced robust year-on-year increases between 2013 and 2017, followed by a downturn in 2018 and continued volatility until 2020. However, from 2021 onwards, the market rebounded, culminating in a modest year-on-year increase of 1.66% in 2023. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was approximately 0.65%, reflecting a period of stabilization after earlier volatility.
Future trends to monitor include:
- Projected steady growth with a forecasted five-year CAGR of 1.31% from 2024 to 2028, indicating a more consistent and gradual increase in market value.
- Potential impacts of sustainability and environmental regulations on limestone production and usage.
- Technological advancements in limestone processing and the emergence of alternative materials.