The limestone materials market in Singapore experienced significant fluctuations in value from 2012 to 2022. Initially, the market grew, reaching a peak in 2014 with a 6.43% year-on-year increase. However, the value saw a sharp decline in subsequent years, notably in 2016 and 2017, with decreases of 14.71% and 14.91% respectively. The market somewhat stabilized between 2018 and 2022, with minor fluctuations and an overall negative CAGR, indicating a subdued market trend.
The year-over-year changes for the last two years reflect marginal declines, with a -1.21% decrease in 2022 and a slight uptick of 3.98% in 2021. The five-year CAGR from 2017 to 2022 is -0.28%, a testament to the market’s stagnation and mild depreciation.
Looking ahead into future trends, stay watchful for:
- Potential market disruptions from global supply chain issues and economic factors.
- Rising demand from construction and manufacturing sectors as economic activities resume post-pandemic.
- Technological advancements in limestone production and processing.
- Environmental regulations impacting limestone quarrying and usage.
| # | 6 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 340,610,000 | 2023 | -1.06% | -0.39% | View data |
| 2 | 2 South Korea | 158,050,000 | 2023 | +1.62% | +2.51% | View data |
| 3 | 3 Canada | 41,945,000 | 2023 | -2.38% | -2.61% | View data |
| 4 | 4 Sweden | 28,675,000 | 2023 | +1.66% | +0.65% | View data |
| 5 | 5 Singapore | 7,839,400 | 2023 | -1.2% | -0.41% | |
| 6 | 6 Ireland | 6,926,700 | 2023 | -0.15% | +3.69% | View data |
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