NEW research from the Mineral Products Association (MPA) has revealed signs of ‘stabilisation’ in sales across Britain’s construction materials markets.
The survey covered five product areas: crushed rock, sand & gravel, asphalt, ready-mixed concrete, and mortar. The data for the third quarter of the year showed ‘modest’ growth from a low base in some markets, following a prolonged downturn that began in mid-2022.
The survey highlights a 0.9% rise in ready-mixed concrete sales compared to the previous quarter, alongside gains of 3.7% in sand & gravel and 2.2% in mortar.
The MPA said this ‘cautious upward trend’ suggests demand is stabilising, though overall volumes across all markets monitored remain well below historical levels. Year-to-date sales volumes continue to lag behind 2023 levels, with ready-mixed concrete sales 14.1% lower, sand & gravel down 10.5%, and mortar experiencing a 20.1% drop.
While sales of asphalt and crushed rock have proven ‘comparatively resilient’ this year, both materials have also declined.
“The latest data suggests that construction mineral markets may have reached a low point, with early signs of recovery in some regions and markets,” said Aurelie Delannoy, director of economic affairs at MPA. “Yet, the demand environment remains challenging, with prospects hinging on a recovery in housing, progress on infrastructure delivery, and sufficient funding for local road maintenance.
“As we look toward 2025, we remain cautiously optimistic that an improving economic backdrop will support a gradual return to growth across the industry.”
In response to the budget, which promised responsible, long-term plans for capital investment, the MPA noted that the construction mineral sector’s near-term outlook remains uncertain. Delannoy added, “The increased tax burden complicates conditions for mineral products producers at a time when a steady supply of these materials is essential for economic growth and for advancing Britain’s decarbonisation targets.”
