From 2013 to 2023, the production value in the UK’s Stone, Sand, and Clay Quarrying Sector showcased fluctuations with notable declines in 2016 and 2020, yet a recovery was observed from 2021 onwards. By 2023, the sector stood at £6.08 billion. The year-on-year variation in 2023 was 1.75%, down from 1.82% in 2022. The five-year CAGR leading to 2023 was approximately 0.72%. Forecasts from 2024 to 2028 project a steady increase, with the production value expected to reach £6.62 billion by 2028, translating to a five-year CAGR of 1.36% and an overall growth rate of 6.97%.
Future trends to watch for:
- Technological advancements in quarrying processes.
- Environmental regulations influencing production methods.
- Market demand shifts driven by construction and infrastructure projects.
