The forecast for domestic extraction of sand and gravel in the UK from 2024 to 2028 indicates a gradual decline in volume. Starting at 118.79 million metric tons in 2024, it is expected to decrease steadily to 114.19 million metric tons by 2028. This represents a compound annual growth rate (CAGR) that is negative over the five-year period. In contrast, the actual extraction volume in 2023 was slightly higher, suggesting a downward trend in extraction activities moving forward.
Future trends to watch for include:
- Potential increased demand from the construction sector which may affect extraction rates.
- Regulatory changes impacting extraction operations and environmental considerations.
- Technological advancements in extraction methods that could improve efficiency or sustainability.