The forecast for construction sand and gravel operations in the western US shows a significant decline from 2024 to 2028. Starting from 2.64 million metric tons in 2024, the volume is expected to drastically decrease to 0.16494 million metric tons by 2028. The percentage change year-on-year indicates a quick descending slope, suggesting a severe contraction in operations. Compared to 2023, this forecasted trajectory represents a stark decline. The compound annual growth rate (CAGR) highlights a steep average annual decrease in the five-year span from 2024 to 2028.
Key trends to watch for include:
- Increasing regulations and environmental concerns might further impact production capabilities and costs.
- Advancements in technology or alternative materials could alter demand for sand and gravel in construction.
- Economic fluctuations and infrastructure investments in the region could either mitigate or exacerbate the declining trend.