The construction sand and gravel active operations in Kansas are projected to decrease yearly from 2024 through 2028, with values dropping from 97.79 to 93.3. This indicates a consistent downward trend in the industry. Comparing to 2023 values, which stood at 98.9, this shows clear contraction in the market. Year-on-year, we see small decreases, with the compound annual growth rate (CAGR) over the five-year period indicating a gradual average decline of about 1.14% annually.
Future trends to watch for include potential impacts of regulatory changes, shifts in construction demand, or advancements in materials technology that could affect supply and market dynamics. Monitoring these could offer insights into whether this downward trend will continue or stabilize.
