Since Britain voted to leave the European Union, the price of imported products is starting to rise: according to experts, construction costs could increase by up to 12%.
However, as imports are becoming less competitive, Purplex Marketing’s Andrew Scott argues that British manufacturers could benefit.
The Office of National Statistics’ recently published Building Materials and Components Statistic suggests that, last year, electrical wires were both the UK’s most imported and exported building products.
British-manufactured products often achieve a higher grade; thus, they are more expensive than what the local construction market is willing to pay. According to a recent Barclays study, the ‘Made in Britain’ label commands premium overseas rates.
Timber window frames are another example: although Britain has a historic tradition of manufacturing them, many contractors prefer to import the systems from cheaper countries, such as Poland. Concurrently, British joineries will export their production to international markets at higher prices.
Purplex predicts that, as the cost gaps between imports and exports begin to close, the UK construction market will start to utilise the local manufacturing sector. Through effective branding and positioning, building product companies will be able to acquire more market share.
Whilst many British building product manufacturers will continue to import raw materials and components, Andrew believes that, in the longer term, the industry will see more companies bringing more stages of their production back to the UK, and sourcing their materials more locally.
Contact Purplex Marketing:
502 Worle Park Way,
Golden Cross House
8 Duncannon Street
Tel: 01934 808132
E-mail: [email protected]
The Geberit-sponsored Heating Installer Awards 2019 winners have been announced, recognising talent in the industry and commitment to producing work of the highest quality.Posted in Articles, Awards, Bathrooms, Bedrooms & Washrooms, Building Industry Events, Building Industry News, Building Services, Exhibitions and Conferences, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Interiors, Pipes, Pipes & Fittings, Plumbing, Posts
The Pines Primary School in Red Lodge has been constructed to provide a flexible, adaptable and sustainable space for education, with the help of Kingspan Kooltherm K15 Rainscreen Board.Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Facades, Insulation, Posts, Restoration & Refurbishment, Retrofit & Renovation, Walls
Freefoam Building Products have announced the launch of a brand new cladding brochure – The Complete Cladding Solution.Posted in Articles, Building Industry News, Building Products & Structures, Cladding, Facades, Posts, Publications, Walls
Kiwa recently presented several clients with TMV certificates on the international Kiwa Group stand at the ISH Water and Energy trade show in Frankfurt.Posted in Articles, Awards, Building Industry Events, Building Industry News, Exhibitions and Conferences