In 2023, construction sand and gravel operations in the South of the US reported values between 700,000 to 799,999 metric tons per year. Projecting forward from 2024 through 2028, there is a consistent decline in output, from 4.13 million metric tons in 2024 to 2.55 million metric tons by 2028. The year-on-year decrease reflects a contraction: a nearly 10% reduction each year. Over the five-year period, the compound annual growth rate (CAGR) is negative, signaling a shrinking market segment.
Future trends to watch for include:
- A continued decline in production, potentially impacting the construction sector's supply chains.
- Exploration of alternative materials or suppliers as companies adapt to lower availability.
- Economic and regulatory developments that could influence the pace of decline or potential recovery in production levels.