The data reveals a steady increase in the volume of dimension sandstone sold or used by producers in the US, with a notable peak in 2017 at 650 thousand metric tons. The value slightly dropped in 2020 but rebounded by 2021, reaching 738.1 thousand metric tons. As of 2023, the volume stood at 793.57 thousand metric tons, marking a year-on-year variation of 3.58%. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) is 4.05%.
Looking ahead, the forecasted data suggests a continued upward trend, anticipating the volume to reach 936.96 thousand metric tons by 2028. This implies a forecasted 5-year CAGR of 2.61% and a forecasted 5-year growth rate of 13.75%.
Future trends to watch for include potential market fluctuations due to economic conditions, advancements in industry technology, and changes in construction demand which can impact the dimension sandstone market.
