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RELEASED: SEPTEMBER 2008
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 2003-2007:
The UK market for concrete & concrete products increased by 4% in 2006, which was followed by further estimated growth of 4% in 2007, taking the value to £5135.7 million. Demand has increased throughout the five year review period, with annual growth peaking at 8% in 2003 and 2005. However, the value development 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. Overall, market development has been driven by a relatively buoyant construction market, in particular in the residential sector.
MARKET FORECAST 2008-2012:
The UK market for concrete and concrete products is expected to decline by 6% in real terms in 2008, followed by a projected 2% decline in 2009. Moderate annual growth of between 1% and 2% is forecast for the following three years, with the value of the market expected to reach £4882.7 million (at 2007 prices) in 2012. 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 housebuilding 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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