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RELEASED: JULY 2009
After researching the UK concrete & concrete products market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2004-2008:
The UK market for concrete & concrete products declined by 10% in 2008, taking the value of the market to £4.64 billion. This decline partially negated increases recorded in the previous four years, with annual growth rates peaking at 8% in 2005. The value of the market peaked in 2007, following a 4% increase which took the value to £5136.3 million in the year. The value development over the majority of the review period also reflects price rises rather than just a strong increase in volume demand, in particular during the latter part of the review period. Price increases above the prevailing inflation rate have been caused by rising raw material and energy costs. Furthermore the market development recorded in the first four years of the review period has been driven by a relatively buoyant construction market, in particular in the residential sector. However UK construction output, was negatively affected by the economic downturn in 2008, which has had a dampening affect on demand for concrete in the latest year. Nonetheless an overall increase of 6% is evident compared with 2004.
MARKET FORECAST 2009-2013:
The UK market for concrete and concrete products is expected to decline by 13% in real terms in 2009, a projected 2% decline is expected to follow in 2010. In contrast to this moderate annual growth of between 2% and 3% in real terms is forecast for the following three years, with the value of the market expected to reach £4252.5 million (at 2008 prices) in 2013. Demand for the concrete and concrete products is anticipated to be negatively affected by the current downturn in the construction market, most notably the new house building sector. Nonetheless, as the UK construction market is expected to recover in the medium-term, the concrete and concrete products market is also expected to return to growth. The market is anticipated to benefit from major building and infrastructure projects associated with the 2012 London Olympics, as well as by a relatively positive outlook in the civil engineering sector.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Concrete & Concrete Products Market Research Report
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