Builders retailers noticed the worth of their gross sales enhance by 8.2 per cent in 2022, in keeping with the Builders Retailers Federation (BMF).
The commerce physique stated costs grew 16.2 per cent throughout the sector final yr, in contrast with 2021, regardless of an 8 per cent fall in gross sales volumes.
The publication of BMF knowledge comes as Travis Perkins, one of many nation’s largest builders retailers, reported a lower in revenue regardless of a 8.9 per cent hike in its annual income.
Final yr all supplies classes noticed development in income worth, in keeping with BMF, other than timber and joinery, which was down by 2.2 per cent and landscaping, down by 0.6 per cent. Gross sales volumes in these classes have been down by 15.5 per cent and 14.9 per cent respectively.
The bestselling supplies class was renewables and water administration, up by 31.5 per cent every, adopted by kitchens and loos (18.9 per cent), and plumbing, heating and electrical (14.8 per cent).
Heavy constructing supplies noticed a worth enhance of 11.6 per cent, with what the BMF termed “a noticeable worth development of 18.6 per cent” – though volumes have been down by 5.9 per cent.
BMF chief govt John Newcomb stated: “With a lot volatility within the UK economic system in 2022, it comes as no shock to see the slowdown in some areas of building mirrored in service provider gross sales.
“Slowing demand all through the ultimate quarter, nonetheless, has helped to ease pressures on product provide.
“With forecasts for 2023 predicting additional slowdown within the first half of the yr, normal product availability ought to have a chance to recuperate earlier than the market begins to recuperate within the second half.”
For the ultimate quarter of 2022, whole gross sales values have been 13.9 per cent decrease than the third quarter as quantity gross sales dropped by 18.3 per cent, however costs elevated by 5.4 per cent.