From 2013 to 2023, the production value of ceramic household and ornamental articles in the UK has fluctuated but generally shown an upward trend. In 2023, the value stood at 521.6 million Euros. Year-on-year growth rates highlight periods of both decline and recovery, with significant increases in 2014 (17.18%) and 2015 (10.14%), and notable declines such as in 2017 (-5.5%) and 2020 (-3.28%). Over the last two years, the industry experienced modest growth with year-on-year rates of 1.68% in 2022 and 1.64% in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) averaged to 1.92%, indicating a steady but slow recovery and expansion in this sector.
Looking ahead from 2024 to 2028, the forecasted production value suggests continuous but gradual growth, with a forecasted 5-year CAGR of 1.26%. This indicates an increase of about 6.48% over the entire five-year period. Key future trends to watch for include technological advancements in production, shifts in consumer preferences toward unique and sustainable products, and potential impacts from global economic conditions which may affect both domestic production and export opportunities.
