The forecast for Non-Metallic Minerals Domestic Material Consumption in the UK shows a gradual decline from 2024 to 2028. Starting at 211.68 million metric tons in 2024, the value decreases each subsequent year to 210.3 in 2025, 208.94 in 2026, 207.61 in 2027, and 206.31 in 2028. This indicates an overall negative trend.
Year-on-year, the data indicates a slight but steady decrease:
- 2024-2025: -0.65%
- 2025-2026: -0.65%
- 2026-2027: -0.64%
- 2027-2028: -0.63%
Considering the actual data from previous years to this forecasted decline, the five-year Compound Annual Growth Rate (CAGR) exhibits an average yearly decrease of approximately -0.64%.
Looking ahead, potential factors to watch include technological advances in material efficiency, changes in construction and infrastructure investment, and environmental regulations impacting resource consumption patterns. Monitoring these factors could provide insight into whether the current trend will continue, accelerate, or decelerate.