The UK Stone, Sand and Clay Quarrying industry experienced fluctuations from 2013 to 2023, with recent years indicating a steady increase in hours worked. In 2023, hours worked stood at 40.345 million. Year-on-year growth has averaged around 0.48% in the last two years, highlighting a stabilization in industry activity. Over the last five years, the compound annual growth rate (CAGR) of hours worked is 0.27%, indicating modest growth.
For future trends, the industry is forecasted to continue experiencing steady growth, with a forecast 5-year CAGR of 0.35%. This is accompanied by a forecasted 5-year growth rate of 1.76% leading up to 2028. Future trends to watch for include technological advancements to improve efficiency and the impact of infrastructure projects on demand for raw materials.
