The forecasted closing inventories for non-metallic mineral product manufacturing in Canada show a gradual increase from 2024 to 2028, starting at 2.31 billion CAD in 2024 and reaching 2.50 billion CAD in 2028. In 2023, the actual closing inventory value stood at 2.26 billion CAD. The year-on-year growth rates from 2024 to 2028 are consistently around 2.1%, indicating a steady upward trend. The compound annual growth rate (CAGR) over this period is approximately 1.9%, reflecting a stable growth pattern over time.
Future trends to watch for include:
- Potential impacts of technological advancements in production efficiency
- Changes in domestic construction demands and export markets
- Economic policies affecting raw material costs and supply chain dynamics
- Environmental regulations influencing sustainable manufacturing practices
