New study finds Covid-19 reduced UK imports of building materials by more than £ 2million

A new study from ElectricDirect analyzed UK import habits from 1993 to 2020, including identifying some of the top building materials imported into the UK and how much is spent on these materials each year.

Over £ 279million of the most commonly traded building materials have been imported since 1993

Since 1993, the UK has imported over £ 279million of commonly traded building materials such as aluminum and cement. The study found that the demand for each material depended on the current situation in the UK, for example oil was most in demand in 1994 as the UK struggled to complete M3 expansion , which is now one of the UK’s main trips. routes.

Covid-19 cost import industry over £ 2million

However, the study also found that while some years increased demand for products, others declined as the construction industry faced an unprecedented period. Covid-19 has reduced UK imports of building materials by more than £ 2million as many projects have been forced to halt and many industry players have been made redundant. Likewise, the study also points out that alongside the pandemic, the 2008 global financial crash saw 50% of construction material imports come to a halt, as in 2008 the UK imported for over 16 million pounds of building materials, but in the following year the UK only imported £ 8million.

The UK has spent over £ 136million on iron and steel imports since 1993

As iron and steel form a huge part of any building’s infrastructure, it’s no wonder the UK has spent the most to import this material. The ElectricDirect study highlights that iron and steel are materials in high demand around the world, because although the UK imports it from over 90 different countries, we are only the 19th largest importer in the world.

Glass and glassware imports cost the UK £ 46million

The next material that the UK imports the most is glass and glassware, having spent over £ 46million since 1993. The study also found that in 2014, glass and glassware accounted for 4.66 % of total materials imported into UK, and this was the year in which glass was most in demand.

Machine parts have the third highest value of total imported materials

The UK has imported over £ 41million of machine parts since 1993. In 2007, machine parts were the most demanded, accounting for 5.85% of total imports in that year.

The future of importing building materials

The study concludes that the future of importing building materials is set to change as the world constantly changes. With an increased demand for environmentally friendly materials, it is expected that products such as crude oil will become less desirable and more sustainable alternatives such as lithium batteries and solar energy materials will be more. requested.