Limestone Materials Market Size Value in Singapore

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