{"id":145597,"date":"2024-11-07T09:52:46","date_gmt":"2024-11-07T09:52:46","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=145597"},"modified":"2024-11-07T09:53:39","modified_gmt":"2024-11-07T09:53:39","slug":"mpa-says-construction-mineral-market-recovering","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mpa-says-construction-mineral-market-recovering\/145597\/","title":{"rendered":"MPA says the construction mineral market is recovering"},"content":{"rendered":"<h2>The <a href=\"https:\/\/mineralproducts.org\/About.aspx\" target=\"_blank\" rel=\"noopener\">Mineral Products Association&#8217;s<\/a> (MPA) latest quarterly report shows that the construction mineral market is showing signs of recovery<\/h2>\n<p>The MPA&#8217;s latest industry survey covers five key areas of the construction mineral market: crushed rock, sand &amp; gravel, asphalt, ready-mixed concrete, and mortar.<\/p>\n<p>The report shows a modest growth in Q3 2024 after a large downturn starting in 2022.<\/p>\n<h3>Sand and gravel saw the biggest rise<\/h3>\n<p>The survey shows a 0.9% rise in sales of ready-mixed <a href=\"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/concrete-matters-how-low-carbon-cement-could-bridge-public-infrastructure-gaps\/144502\/\" target=\"_blank\" rel=\"noopener\">concrete<\/a>, as well as a rise of 3.7% in sand and gravel and a 2.2% rise in mortar.<\/p>\n<p>Ready-mixed concrete sales also grew in 5 of the 11 reasons across Great Britain, and the South East and West Midlands saw the greatest growth.<\/p>\n<p>This suggests that the market is stabilising, in spite of overall levels remaining low. On a yearly basis, 2024 levels are remaining below 2023 levels, including ready-mixed <a href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-software-news\/conquering-the-uks-concrete-crisis-with-3d-tech\/136505\/\" target=\"_blank\" rel=\"noopener\">concrete<\/a> sales 14.1% lower than 2023, sand and gravel 10.5% lower, and mortar 20.1% lower.<\/p>\n<h3>The state of the construction mineral market reflects the whole industry<\/h3>\n<p>The housebuilding sector drives sales of around 30% of ready-mixed concrete sales. The lower sales from 2023 are related to how the housebuilding market continues to struggle in its recovery.<\/p>\n<p>Interest rates and pressure on affordability are keeping buyer demand low, which has an effect on the whole industry.<\/p>\n<p>However, government housing targets, along with large projects such as HS2, Hinckley Point C, and Sizewell C are good signs of recovery.<\/p>\n<p>Aurelie Selannoy, director of economic affairs at MPA, said: &#8220;The latest data suggests that construction mineral markets may have reached a low point, with early signs of recovery in some regions and markets. 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.<\/p>\n<p>&#8220;As we look toward 2025, we remain cautiously optimistic that an improving economic backdrop will support a gradual return to growth across the industry.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The latest MPA quarterly report shows promising signs of a recovering market. Learn more about the stats here.<\/p>\n","protected":false},"author":32,"featured_media":145615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[811,908,431],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-145597","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-concrete","9":"tag-economy","10":"tag-plant-equipment-supplies"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MPA says the construction mineral market is recovering<\/title>\n<meta name=\"description\" content=\"The latest MPA quarterly report shows promising signs of a recovering construction mineral market. 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