The slate quarry industry in the US has shown a consistent downward trend from 2013 to 2023, where the value stood at 14 units. Specifically, there has been a steep decline of 6.67% year-on-year in 2023 and an average annual decrease (CAGR) of 4.9% over the last five years. Forecasted data from 2024 to 2028 indicate the decline will continue, with an average annual rate of 5.11%, leading to a drop to 10 units by 2028.

Trends to watch for:

Continued consolidation in the industry could result in fewer, but more efficient, operations.
Potential technological advancements in quarrying and processing could offset some declines.
Environmental regulations and sustainability concerns might shift industry dynamics.