The forecast for crude mined gypsum production in California shows a gradual decline from 2024 to 2028. The projected values indicate a decrease from $5.83 million in 2024 to $5.43 million in 2028, which suggests an average year-on-year decrease of approximately 1.72%. In 2023, the actual value was not specified, hence the trend for 2023 is unclear within the context of this forecast.
Looking at the broader trend, the compound annual growth rate (CAGR) over the five-year period beginning in 2024 is expected to show a negative trajectory, reflecting diminishing production volumes and possibly signaling changes in market demand or resource availability.
Future Trends to Watch For:
- Environmental regulations impacting mining operations and outputs.
- Developments in alternative materials that might reduce gypsum demand.
- Evolving construction industry practices which could affect gypsum consumption patterns.
- Technological advancements in gypsum extraction and processing that could potentially alter cost and production dynamics.
