The dolomite market size in South Africa stood at 4.0042 million dollars in 2023. Over the past decade, the market experienced fluctuations with an initial growth trend from 2013 to 2017, reaching its peak at 4.3713 million dollars in 2017. Since then, a gradual decline has been observed, which continues into the forecasted years through 2028. The annual decline highlights a year-on-year trend of negative percentage changes, demonstrating a market contraction. The last 5-year CAGR shows a steady decline, averaging -1.28% per year. Looking forward, a further gradual decline is expected with a forecast 5-year CAGR of -1.04%, leading to a total anticipated decrease of -5.09% by 2028.
Future trends to watch for:
- Policy changes impacting the mining industry in South Africa.
- Fluctuations in demand for dolomite in various industrial applications.
- Technological advancements in mining and processing techniques.
- Global economic conditions and their impact on raw material exports.
