The forecast for limestone and gypsum domestic extraction in the UK shows a gradual decline from 2024 to 2028. The expected decrease in extraction values indicates a year-on-year reduction of approximately 0.8% from 2024 to 2025, followed by similar modest declines each subsequent year. By 2028, the extraction value reduces to 58.95 million metric tons from 60.93 million metric tons in 2024, reflecting a compound annual growth rate (CAGR) of about -0.82% over the five-year period. It is essential to note that as of 2023, limestone and gypsum extraction was approximately aligning with the initial forecast value of 60.93 million metric tons for 2024.
Future trends to watch for include the impact of environmental regulations on mining operations, potential technological advancements in extraction methods, and the influence of supply chain changes in the construction industry on domestic demand for limestone and gypsum. Additionally, assessing changes in global market conditions and any shifts in UK trade policies post-2024 could provide further insights into the sector's dynamics.
