Non-metallic minerals consumption in the UK stood at 51.91 units in 2023. Analyzing from 2013 to 2023, the data depicts minor fluctuations but maintains a relatively stable pace. The year-on-year percentage variation shows a consistent decline in consumption, with a -0.32% decrease from 2022 to 2023.
Forecasted data (2024-2028) suggests a continuing trend of decrease, starting from 51.67 units in 2024 down to 50.78 units by 2028. Over the last five years, the average annual decline (CAGR) is projected at -0.35%, with an overall 5-year growth rate of -1.72%.
Future trends to watch for include:
- Technological advancements in mineral processing and alternatives.
- Impact of environmental regulations and sustainability initiatives.
- Market shifts due to changes in construction and industrial sectors.