The import volume of non-refractory mortars and concretes to the UK has shown considerable fluctuation over the past decade, peaking at 31.146 million kilograms in 2013 and witnessing a steady decline since then, reaching 19.764 million kilograms in 2023. The year-on-year variation indicated significant swings, with extreme changes such as a 55.39% increase in 2013 and a 32.05% decrease in 2014. The Compound Annual Growth Rate (CAGR) over five years provided a more stable perspective, highlighting an average decline of -2.48% from 2019 to 2023.
Over the last two years (2021-2023), the UK saw a modest recovery with a year-on-year increase of 4.03% in 2022, countered by a slight decrease of -1.16% in 2023. Projections for the future suggest a continued decline, with forecasted values reducing to 18.49 million kilograms by 2028, reflecting a forecasted 5-year CAGR of -0.99%.
Future trends to watch for include:
- Impact of Brexit and subsequent trade agreements on import volumes.
- Developments in domestic production capabilities and innovation.
- Global economic volatility and its effects on construction material demand.
- Sustainability trends and regulations influencing material choices.
