The turnover of clay bricks, tiles, and construction products in the UK has shown a significant upward trend from 2013 to 2023, with the highest growth observed in 2015 at 70.92%. The value stood at 1520 million Euros in 2023. Over the last two years, the year-on-year variation exhibited a moderate increase, with 2.87% in 2022 and 2.73% in 2023. The compound annual growth rate (CAGR) over the past five years (2019-2023) was relatively subdued at 2.79% compared to higher figures in previous periods.
Forecasts indicate a continuation of this growth trajectory, albeit at a slower pace, with an expected CAGR of 1.86% from 2024 to 2028 and an overall growth rate of 9.66% in this period.
Future trends to watch for include:
- Technological advancements in construction materials that could influence market demand.
- Potential regulations or environmental policies affecting the production and use of clay-based products.
- Impact of economic conditions on construction activities in the UK.