The demand for mineral products such as aggregates, concrete, asphalt, and mortar in the UK recorded a sharp rise in demand in 2021.
Rapid rise in demand for mineral products
Reports indicate that the volume of primary aggregates increased by 15.7% on an annual basis in 2021 and it wasn’t the only material to witness significant growth:
- Ready Mix Concrete – 14.1% rise
- Asphalt – 12.5% rise
- Mortar – 24.4% rise
Demand remained strong inside the final quarter of 2021, despite a number of challenging circumstances including supply chain issues, rising costs and seasonal factors.
Overall, the demand in mineral products last year has been faster than expected but also imbalanced. For example, aggregates and asphalt sales in 2021 exceeded the pre-pandemic levels in 2019, but sales of ready-mixed concrete and mortar remained weaker.
Asphalt and aggregates demand were supported by an acceleration in infrastructure work, including roads and major infrastructure projects. While Concrete had contrasting fortunes, the pipeline for new housing developments is expected to reverse that trend.
Growth of 3% YOY is forecasted for aggregates and ready-mixed concrete sales 2022, with asphalt (4%) and mortar (6.5%), set to follow suit.
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