From 2013 to 2023, the value-added of the Concrete Pipe, Brick, and Block Manufacturing industry in Canada has demonstrated a general upward trend. In 2013, the value was at 339.04 million CAD, and by 2023, it had grown to 624.89 million CAD. Notable growth occurred from 2013 to 2015 and then from 2017 to 2018, showing significant year-on-year increases of 33.19% in 2015 and 8.77% in 2018. However, there was a decline in 2019 with a -9.69% change. More recent years have shown moderate growth rates, with a 2.64% increase in 2023. The past five years demonstrated a low cumulative annual growth rate (CAGR) of 0.61%.
Looking forward, the industry is forecast to continue its growth, reaching 702.97 million CAD by 2028. This represents a forecasted five-year cumulative annual growth rate of 1.87%, indicating a steady, albeit moderate, growth pace. Future trends to watch for include technological advancements in manufacturing processes, increased focus on sustainable and eco-friendly materials, and potential fluctuations in demand influenced by economic factors and construction activity levels.
