In 2023, the closing inventories for Gypsum Product Manufacturing in Canada were recorded at 100 million Canadian Dollars. The forecasts for the upcoming years indicate a consistent upward trend. The projections for 2024 to 2028 show a gradual increase, starting at 105.46 million Canadian Dollars in 2024 and reaching 123.5 million Canadian Dollars by 2028.
The year-on-year variation indicates a stable growth pattern:
- 2024 to 2025: 4.35% increase
- 2025 to 2026: 4.11% increase
- 2026 to 2027: 3.92% increase
- 2027 to 2028: 3.72% increase
The Compound Annual Growth Rate (CAGR) over this five-year period stands at approximately 4.04%, indicating a healthy and consistent growth forecast for the sector.
Future trends to watch for include potential impacts of technological advancements in manufacturing processes, shifts in construction demand, and changes in environmental regulations that may affect gypsum production and inventory levels. Additionally, supply chain efficiencies and raw material price fluctuations will be critical factors in shaping the future market landscape.
