The forecast for the UK's import of bricks, tiles, and construction products from 2024 to 2028 indicates a steady decline in volume, from 15.814 million kilograms in 2024 to 14.861 million kilograms in 2028. This reflects a gradual reduction in demand or potential shifts towards local sourcing, given global market conditions. The year-on-year decline stabilizes around 1.5% for each consecutive year. The Compound Annual Growth Rate (CAGR) over these five years is approximately -1.53%, indicating a modest but consistent reduction in import volumes.
Future trends to watch for include:
- Changes in UK construction industry dynamics post-Brexit.
- Impact of possible new trade agreements and tariffs.
- Shift towards sustainable and locally sourced materials.
- Technological advancements in construction that might reduce the dependency on traditional materials.
