In 2023, the UK's industrial sand and gravel production stood at 3.72 million metric tons. From 2013 to 2023, the industry experienced a mixed trend with periods of stability followed by gradual declines. Notably, in 2020, there was a significant drop of 17.69%, but production partially recovered in 2021 with a 19.47% increase. Over the last two years, from 2021 to 2023, the production decline was minor at about 0.79% and 0.83% respectively. The 5-year Compound Annual Growth Rate (CAGR) till 2023 is approximately -0.82%. Looking ahead, the forecast suggests a continued slight downward trend, with a projected 5-year CAGR of about -0.68% from 2024 to 2028.
Key future trends to watch for include:
- Sustained gradual decline in production up to 2028.
- Potential market disruptions or innovations that might halt or reverse the downward trend.
- Environmental regulations and their impact on production capacities.