From 2013 to 2023, the value added of non-metallic mineral products in the UK saw a general upward trend, rising from 4.63 billion pounds to 6.59 billion pounds in 2023. This represents a compound annual growth rate (CAGR) of approximately 3.5%. The year 2020 marks a significant dip of 16.63% due to external challenges, but the industry bolstered back in subsequent years, achieving a growth of 22.43% in 2021 and modest increases of 1.56% and 1.49% in 2022 and 2023 respectively. The five-year CAGR as of 2023 stands at 2.17%.
For the future, from 2024 to 2028, projections suggest a steady CAGR of 1.18%, with the value added expected to reach 7.11 billion pounds by 2028. Key factors influencing future trends include technological advancements, sustainability practices, and market demand fluctuations. Monitoring economic developments, regulatory changes, and evolving consumer preferences will be crucial for understanding the market dynamics of non-metallic mineral products in the UK.