Brexit, coronavirus, and Suez have combined to hit the construction industry in 2021

Material costs

Change in prices over past 12 months

Iron ore

+88%

Steel

+25

Aluminium

+23

Plywood

+20

Gravel, sand, clays and kaolin

+20

Delivery times

2020

April 2021

Timber

2 days

10 days

MDF

5-7 days

4-6 weeks

Aluminium cladding

8-12 weeks

6 months

Roof tiles

6 weeks

6 months

Worker migration

EU construction employment

Thousands

All UK

London

200

150

100

50

0

2016

2017

2018

2019

2020

Shipping costs

The Freightos Baltic index helps shippers monitor the volatile market

$8,000

China/east Asia to

northern Europe index

6,000

4,000

2,000

0

2017

2018

2019

2020

2021

Material costs

Delivery times

Price changes over past 12 months

2020

April 2021

Timber

Iron ore

+88%

2 days

10 days

Copper

+49

MDF

5-7 days

Steel

+25

4-6 weeks

Aluminium

Aluminium cladding

+23

8-12 weeks

6 months

Plywood

+20

Roof tiles

Gravel, sand, clays and kaolin

6 weeks

+20

6 months

Worker migration

Shipping costs

The Freightos Baltic index helps shippers monitor the volatile market

EU construction employment

Thousands

All UK

London

200

$8,000

China/east Asia to

northern Europe index

150

6,000

100

4,000

50

2,000

0

0

2016

2017

2018

2019

2020

2017

2018

2019

2020

2021