Industry Analysis & Industry Trends
The Abrasive Product Manufacturing industry's performance was in decline even before the global financial crisis gripped the UK economy. However, the financial crisis diminished demand from downstream manufacturers and it culled investment into the construction sector. Industry revenue is expected to decline at a compound annual rate of 2.3% over the five years through 2012-13 to total £169.8 million. The industry suffered a major downturn in 2009-10, with industry falling by almost 18%. Key downstream manufacturing industries, including the automotive sector and the metal producing sector, performed poorly in this year and the construction sector collapsed. The industry has stabilised in more recent years and is expected to post a marginal revenue decline of 0.4% in 2012-13... purchase to read more
Industry Report - Industry Analysis Chapter
The Abrasive Product Manufacturing industry's performance was in decline even before the global financial crisis gripped the UK economy. Production of low-value added products, such as sandpaper and some other coated products had moved offshore to lower wage economies in Asia, particularly India and China. Many downstream manufacturing industries have also been relocating to developing economies and some industry operators have also moved to maintain proximity to these firms. Industry revenue did increase in 2008-09, but the gain reflecting rising costs and a high volume of exports rather than buoyant demand. Product prices increased as the industry could simply no longer absorb higher costs for raw materials and energy... purchase to read more