Key Market Indicators
Revenue from Norway's mining and quarrying industry is projected to decline to €56.8 billion by 2028, down from €66.2 billion in 2023. This represents a 2.5% annual decrease. The sector has been on a downward trend since 2012, with an average yearly decline of 5.3%. The United Kingdom, Germany, and Poland rank second, third, and fourth, respectively, in the industry. In contrast, production in Norway's mining and quarrying sector is expected to surge. By 2028, production is forecasted to hit €838 billion, up from €321 billion in 2023. This marks an impressive 14.5% annual growth rate. Since 1980, Norwegian supply has increased by an average of 31.8% each year. Following Norway in production rankings are the United Kingdom, Poland, and the Netherlands.
