The limestone materials market in Canada exhibited fluctuations over the past decade. The period saw a peak in 2014 with a value of $57.391 million, followed by a significant decline in subsequent years. The steepest drops were observed in 2015 and 2019, with year-on-year decreases of -16.13% and -17.17% respectively. The market showed slight recovery and stabilization attempts post-2020, yet continued to reflect a conservative contraction, closing 2022 at $39.745 million. The last two years depicted further decline with -3.89% in 2021 and -2.58% in 2022. Over the last five years, the CAGR reflected an average annual decline of approximately -3.15%.
Future trends to watch in the limestone materials market include the potential shift towards sustainable and environment-friendly alternatives, advancements in quarrying technologies, and the fluctuations in demand from the construction industry driven by infrastructure projects and urban development. Moreover, regulatory changes and economic recovery patterns will also have significant impacts on market performance.
| # | 6 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 340,610,000 | 2023 | -1.06% | -0.39% | View data |
| 2 | 2 South Korea | 158,050,000 | 2023 | +1.62% | +2.51% | View data |
| 3 | 3 Canada | 41,945,000 | 2023 | -2.38% | -2.61% | |
| 4 | 4 Sweden | 28,675,000 | 2023 | +1.66% | +0.65% | View data |
| 5 | 5 Singapore | 7,839,400 | 2023 | -1.2% | -0.41% | View data |
