The Stone, Sand, and Clay Quarrying turnover in the UK in 2023 stood at 7.43 billion euros. The sector has seen various fluctuations over the past decade. Notably, the turnover increased significantly in 2015 by 13.96% following a stable period through 2013 and 2014. A dip occurred in 2016, but turnover began to recover steadily from 2017 onward. The years 2022 and 2023 observed modest growth rates of 1.68% and 1.62% respectively. The sector's Compound Annual Growth Rate (CAGR) over the last five years was 1.57%. Looking forward, forecasts suggest the turnover will continue to rise gradually through 2028, with an estimated CAGR of 1.14% and a total growth rate of 5.85% over the five-year period.
Future trends to watch for:
- Technological advancements and automation in quarrying
- Regulatory changes impacting environmental policies
- Economic impacts from construction demand
- Global commodity price fluctuations
- Potential shifts in export and import dynamics
