As of 2023, the UK imported bricks, tiles, and other construction products amounting to 70 million items. Forecasts indicate a steady increase in imports, with values projected to reach approximately 83.4 million items by 2028. Year-on-year growth rates are expected to be 3.7% in 2024, 3.4% in 2025, 3.5% in 2026, 3.3% in 2027, and 3.1% in 2028. The compound annual growth rate (CAGR) for the period 2024-2028 is anticipated at around 3.5%, signifying a consistent upward trend in the demand for these products.
Future trends to watch for:
- Potential impacts of sustainability initiatives leading to the demand for eco-friendly building materials.
- Economic fluctuations affecting construction activities in the UK, influencing import demand.
- Technological advancements in construction that might alter the types and volumes of imports.